Question: i need help Question Help Assume you have a balance of S1600 on a credit card with an APR of 15%, or 1 25% per

i need help i need help Question Help Assume you have a balance of S1600

Question Help Assume you have a balance of S1600 on a credit card with an APR of 15%, or 1 25% per month You start making monthly payments of S200, but at the same time ye charge an additional $40 per month to the credit card Assume that interest for a given month is based on the balance for the previous month. The following table shows how you can calculate your monthly balance. Complete and extend the table to show the balance at the end of each month until the debt is paid off. How long does it take to pay off the credit card debt? Fill out the table row by row, and continue until the last full payment (Round to the nearest cont as needed.) Month Payment Expenses Interest New Balance 0 $1600 $200 $40 0.0125 $1600 - $20.00 S1600 - 5200 540 520.00 = $1460.00 5200 $40 1 2

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