# Math-Needing Help Quick!

posted by
**Logan** on
.

When Beth finishes college, she has a

balance or $2876.37 on a credit card with an annual percentage rate (APR)

or 17.3%. She decides to not make any

additional purchases with her card until

she has paid off the balance.

Assuming the minimum payment is 2% of the balance, find her minimum payment.

I keep getting $575.27.

Can you please help me?

If I am wrong, please show me how to

solve this.

The APR divided/12 is the monthly interest rate, or 17.3/12 =1.442

She pays two percent, so the net payment to the balance is .448 percent.

.02*(2876.37)(1+ 17.3/12)=

Do I say .02 times 2876.37 and how do I

figure the rest? You have me confused.

are you there?