Mathematics, 03.11.2020 14:00 ash062701

# Caitlin has a balance of SA 880 on her credit card that has an APR of 16%. She currently pays the minimum monthly
payment of $105.86. If Caitlin wants to pay off her balance in 20 months, determine the monthly payment she would need

to make. Choose the following modification with the least cuts to her current expenses that will allow Caitlin to pay off her

balance in 20 months.

Income

Wages

$2.896.00

Expenses

Rent

$1200.00

Utilities

$212.64

Food/Clothes $335.00

Entertainment $346.00

Car

3490,00

Credit Card

$105.86

Cell Phone

$116,37

Net Income

$90.13

a Cain can eliminate $100 from Food/Clothes and 585 from Entertainment

Catincan eliminate 562 from Food Clothes and S49 from Entertainment,

Cardin can eliminate $54 from Food Clothes and $120 from Entertainment

Save and Exit

SE

?

Answers: 1

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