40 points!!! Please help!! 6. Lorenzo uses his credit card to purchase a new video game system for $575.74. He can pay off up to $275 per month. The card has an annual rate of 21.3% compounded monthly.

40 points!!! Please help!!

6. Lorenzo uses his credit card to purchase a new video game system for $575.74. He can pay off up to $275
per month. The card has an annual rate of 21.3% compounded monthly. How much total interest will he
pay?

A. $19.88
B. $42.22
C. $5.89
D. $16.48

1 Answer

40 points!!! Please help!! 6. Lorenzo uses his credit card to purchase a new video game system for $575.74. He can pay off up to $275 per month. The card has an annual rate of 2…

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