Business, 14.01.2021 06:00 jxgcyttigfccvn8087

Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded monthly. He plans on paying off the loan completely in two years using monthly payments. What is the
total amount of interest he will pay once the card is paid off?
#1 $128.03
#2 $1136.00
#3 $4878.03
#4 $5886.00

Answers: 3

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Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded mont...