To find the total cost of the credit card loan, you need to multiple the monthly payment amount by the number of months it takes to pay it off.
Monthly payment amount = $228.15
Number of months = 45
Total cost = $228.15 * 45 = $10,267.75
Therefore, the total cost of the credit card loan is $10,267.75.
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?
Round your answer to the nearest hundredth
1 answer