Mathematics, 07.05.2020 02:01 amedaldafari

Ellen has maxed out her credit card at $14,500 and vows not to make any other credit card purchases. Her credit card company

charges 1.9% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How

much of the balance can Ellen pay down if she pays the minimum payment only for 4 months? Round the answer to the nearest

cent.

Answers: 3

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Ellen has maxed out her credit card at $14,500 and vows not to make any other credit card purchases....