recently married couple ran up a $4,099 credit card balance for wedding expenses.  Their credit card charges interest with a 13.99% annual percentage rate.  What monthly payment is required if the couple wants to pay off this debt with 4 monthly payments over the next 4 months

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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recently married couple ran up a $4,099 credit card balance for wedding expenses.  Their credit card charges interest with a 13.99% annual percentage rate.  What monthly payment is required if the couple wants to pay off this debt with 4 monthly payments over the next 4 months

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