math
posted by laken .
gayle has a credit card with $500 balance on it and a 19% interest rate. If she wants to pay off her card in two years, what will her monthly payments be?

i = .19/12 = .0158333
n = 24
500 = x( 1  1.01583333^24)/.01583333
500 = x(19.8378781)
x = 25.20
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