Mark has a credit card balance of $25,000. The annual interest rate is 17%. He is...

 

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Mark has a credit card balance of $25,000. The annual interest rate is 17%. He is required to pay a minimum of 3.5% of the outstanding balance, but never less than $25. If Mark wants to pay off the balance in 7 years, how much extra must he pay every month? 25.00 105.69 145.48 201.43 Mark has a credit card balance of $25,000. The annual interest rate is 17%. He is required to pay a minimum of 3.5% of the outstanding balance, but never less than $25. If Mark wants to pay off the balance in 7 years, how much extra must he pay every month? 25.00 105.69 145.48 201.43

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