Jackie thinks she can pay off a credit card balance of $12,300 with a current interest rate of
13.45% in 5 years. how much should her minimum payment be?

The minimum payment should she have is $ 6546.035

Step-by-step explanation:

Given as ;

Amount credit card balance = $12,300

The rate of interest = 13.45 %

The time period is 5 years

Let The principal be P

Now,

Amount = Principal ×

Or , $12,300 = p ×

Or, $12,300  = p ×

∴  p  =

Or, P = $ 6546.035

Hence The minimum payment should she have is $ 6546.035 Answer

you can not drow on this

step-by-step explanation: