Question: Use PMT = to determine the regular payment amount, rounded to the nearest dollar, Your credit card has a balance of $4600 and an annual

 Use PMT = to determine the regular payment amount, rounded to

Use PMT = to determine the regular payment amount, rounded to the nearest dollar, Your credit card has a balance of $4600 and an annual interest rate of 18%. You decide to pay off the balance over two years. If there are no further 1 - ( 1 + 1 ) - nt 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 $ (Do not round until the final answer Then round to the nearest dollar as needed.)

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