question archive Johann owes $9,889 on a credit card with a 23

Johann owes $9,889 on a credit card with a 23

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Johann owes $9,889 on a credit card with a 23.5% interest rate. What is the monthly payment he should make to pay off this debt in 12 months, assuming he does not charge any more purchases with the card?

$824.08

$932.71

$206.30

$2,524.44

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