Assume you have a $5,000 balance that you want to pay off.
If you pay $100 a month, it will take 79 months to pay off and you'll pay $7,894 total. You'll also pay $300
in annual fees.
1. How much will you pay total in interest and fees?.
2.428
If you pay $150 a month, it will take 44 months to pay off and you'll pay $6,507 total. You'll also pay $150
in annual fees.
2. How much will you pay total in interest and fees?.
