Naomi C.

asked • 04/28/22

how much has Jennifer lowered her minimum monthly payment?

Jennifer has a credit card balance of $4,350 that comes with a 19% APR.  She would like to have the balance paid off in the next 8 months, but she is having trouble making the monthly payments required to do so. To lower her monthly payments, she decides to sell her porcelain doll collection for $2,000 to apply directly to her credit card balance.  Jennifer still wants to pay off the balance in 8 months.  By applying for the doll money


A.$145.62 

B.$268.14 

C$315.06

D.$583.20

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