Using an online calculator, determine the total cost, fixed monthly payment, and the total interest paid when repaying a credit card loan of $3,500 with a 21% interest rate compounded monthly over a 24-month term. Round the answer to the nearest dollar.(2 points) To the nearest dollar, the total cost of repaying the loan is $. The fixed monthly payment amount is $. The total amount of interest paid is $.
To the nearest dollar, the total cost of repaying the loan is $4,617. The fixed monthly payment amount is $194. The total amount of interest paid is $1,117.
