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Alex wants to pay off his credit card balance before he gets married. he decides to take the $2,340 out of his savings and apply it to his credit card debt of $6,590. the credit card has an apr of 16.5%. what will alex's minimum monthly credit card payment be in order to pay off his debt in 14 months?

Sagot :

Parrain

Based on the amount of credit card debt that Alex has and the APR on the credit card, his minimum payment to pay off his debt in 14 months will be $335.80 per month.

How much should Alex pay?

The balance on the credit card after Alex applies some of his savings to the debt is:

= 6,590 - 2,340

= $4,250

The minimum payment can be found using a credit card calculator where you input the balance above, the APR, the payback period of 14 months.

The minimum amount is:

= $335.80 per month

Find out more on credit card debt at https://brainly.com/question/11199005.

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geovicen5050

Answer:

$335.80 x month

Explanation:

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