Suppose that on January 1 you have a balance of $4000 on a credit card whose APR is 19%, which you want to pay off in 2 years. Assume that you make no additional charges to the card after January 1.
A: what is your monthly payment?
B: When the card is paid off, how much will you have paid since January 1?
C: What percentage of your total payment (part b) is interest?
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