Jade has a credit card balance of $6,500 with an APR of 18%. With her current budgeted payment, Jade will be able to pay off this debt in 24 months. But Jade just got a promotion at work with an increase in pay.
Wanting to have her credit card balance paid off as soon as possible, Jade decides to put the additional monthly income towards her credit card bik, What additional monthly income will Jade have in order to pay off
the credit card balance in 8 months?
P-PV (1-0)
O $817.08
O $275.09
O $541.99
O $104.16
G
F
C
