Jim ignored what he learned in MTH 154 and accumulated $12500 in credit card debt. The credit card charges a 17% interest rate. Jim wants to make a plan to pay off his credit card within 5 years. What should Jim's monthly payment be to accomplish his goal. Round to the nearest cent

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
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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Jim ignored what he learned in MTH 154 and accumulated $12500 in credit card debt. The credit card charges a 17% interest rate. Jim wants to make a plan to pay off his credit card within 5 years. What should Jim's monthly payment be to accomplish his goal. Round to the nearest cent
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