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Sagot :
Based on the amount of credit card debt that Alex has and the APR on the credit card, his minimum payment to pay off his debt in 14 months will be $335.80 per month.
How much should Alex pay?
The balance on the credit card after Alex applies some of his savings to the debt is:
= 6,590 - 2,340
= $4,250
The minimum payment can be found using a credit card calculator where you input the balance above, the APR, the payback period of 14 months.
The minimum amount is:
= $335.80 per month
Find out more on credit card debt at https://brainly.com/question/11199005.
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