Question

Jamie has $4300 in credit card debt with 14% interest that he wants to

pay off in 24 months. He will need to make monthly payments of $206.46
each month. Calculate the total cost of repayment that Jamie will pay. *

Answer 1

$4,902 is the answer. 14% plus $4,300 equals $4,902 but his monthly payments will equal up to $4,955.04 and I got that by doing 24x206.46=$4,955.02 which didn't really add up to me so the answer is either 4,902 which is the credit debt, and 4,955.04 witch is the amount he payed total. you might understand the question better then me so pick witch answer you think is right