Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Ask your questions and receive precise answers from experienced professionals across different disciplines. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

To find the monthly payment Evan needs to make to pay off his credit card debt of $2,500 over 5 months with monthly compounding interest, we can use the formula for the monthly payment on a loan:

Sagot :

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.