Join IDNLearn.com today and start getting the answers you've been searching for. Our experts are ready to provide prompt and detailed answers to any questions you may have.

Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 12 of the annual interest rate. You maintain an average balance of ​$780 on your credit​ card, which carries a 15​% annual interest rate.