Question: to determine the regular payment amount, rounded to the nearest dollar Your credit card has a balance of $5600 and an annual interest Use PMT

to determine the regular payment amount, rounded to the nearest dollar Your credit card has a balance of $5600 and an annual interest Use PMT rate of 12% You decide to pay off the balance over four years if there are no further purchases charged to the card. a. How much must you pay each month? b. How much total interest will you pay? a. The monthly payments are approximately S Do not round untl the Sinal answer. Then round to the nearest dollar as needed ) b. The total interest paid over 4 years is approximately s (Round to the nearest dolar as needed) ntents ia Library Enter your answer in each of the answer boxes

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