Question

Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $229 TV on your credit card and make the minimum monthly payment each month.

How much is that minimum payment?

Answer 1

$19.08

Step-by-step explanation:

Answer 2

19.0833333333

Step-by-step explanation:

Since there is 12 months a year in total, it will cost $19.0833333333 a month