A mastercard statement shows a balance of 530 at 131, Finance Basics

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A mastercard statement shows a balance of 530 at 131

Question: A MasterCard statement shows a balance of $530 at 13.1% compounded monthly. What monthly payment will pay off this debt in 1 year 5 months? (Round your answer to the nearest cent.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A mastercard statement shows a balance of 530 at 131

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Finance Basics: A mastercard statement shows a balance of 530 at 131

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