What monthly payment will pay off the debt

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Question: A MasterCard statement shows a balance of $530 at 13.1% compounded monthly. What monthly payment will pay off this debt in 1 year 5 months? (Round your answer to the nearest cent.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131996242

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