How to solve

Question $8$

$\frac{0}{1}pt$

$3$

$19$

Details

You have $$5,000$ on a credit card that charges a $21\%$ interest rate. If you want to pay off the credit card in $4$ years, how much will you need to pay each month $($assuming you don't charge anything new to the card$)?$

each month

Question $8$

$\frac{0}{1}pt$

$3$

$19$

Details

You have $$5,000$ on a credit card that charges a $21\%$ interest rate. If you want to pay off the credit card in $4$ years, how much will you need to pay each month $($assuming you don't charge anything new to the card$)?$

each month