If you pay the credit card company 228.15 each month in order to pay off your credit card, and it takes you 45 months to pay it off, what is the total cost of the credit card loan

Answer 1

The total cost of the credit card loan is $10,318.50.

This can be calculated by multiplying the monthly payment by the number of months it takes to pay off the credit card:

228.15 x 45 = 10,318.50.