# Finance

Due to poor spending habits, Bryant has accumulated \$5,000 in credit card debt. He has missed several payments and now the annual interest rate on the card is 16.75 percent! If he pays \$200 per month on the card, in total, how much interest expense does Bryant pay to the credit card company?

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2. 👎 0
3. 👁 123
1. (5,000 * 0.1675) / 12 = \$69.79 interest a month

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