Beginning Balances for Quentin's Four Credit Cards Card A Card B Card C Card D Balance $4,134.00 $2,865.00 $932.00 $1,269.00 APR (interest rate) 15% 21% 11% 13% Minimum Payment calculation 2% of...


Card B has the highest APR. Quentin decides he can afford to pay $280 toward his total credit card debt. If he pays the minimum on Cards A, C, and D this month, how much will be be able to pay on Card B?


Beginning Balances for Quentin's Four Credit Cards<br>Card A<br>Card B<br>Card C<br>Card D<br>Balance<br>$4,134.00<br>$2,865.00<br>$932.00<br>$1,269.00<br>APR (interest rate)<br>15%<br>21%<br>11%<br>13%<br>Minimum Payment calculation 2% of balance 4% of balance 4% of balance 3% of balance<br>(must be at least $15)<br>Minimum Payment this month<br>$82.68<br>$114.60<br>$37.28<br>$38.07<br>Months required to payoff<br>Amount of Interest Paid<br>(if only minimum payments are made)<br>

Extracted text: Beginning Balances for Quentin's Four Credit Cards Card A Card B Card C Card D Balance $4,134.00 $2,865.00 $932.00 $1,269.00 APR (interest rate) 15% 21% 11% 13% Minimum Payment calculation 2% of balance 4% of balance 4% of balance 3% of balance (must be at least $15) Minimum Payment this month $82.68 $114.60 $37.28 $38.07 Months required to payoff Amount of Interest Paid (if only minimum payments are made)

Jun 06, 2022
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