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Recently you made multiple large purchases on your credit card totaling 17 200 The interest...

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Basic Math

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Recently you made multiple large purchases on your credit card totaling 17 200 The interest rate on your credit card is 15 3 per year compounded monthly and your statement says your minimum payment is 280 per month a How many minimum payments will you need to make in order to pay off your purchases assuming you cut up your credit card and do not make any additional purchases Round your answer up to the nearest number of payments You will need X minimum payments b How much total interest in dollars will you pay by making the minimum monthly payment Round your answer to the nearest dollar x

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