Kimberly has a credit card with a 19% APR and a balance of $4,350. With her current monthly payment, Kimberly will be able to pay off the credit card in a mere 16 months. But when Kimberly's car breaks down, she is forced to charge an
additional $1,600 to her credit card. How much will Kimberly's minimum monthly payment increase if she still wants to
pay off her credit card in 16 months?
a.
$100.00
b. $113.99
C. $309.90
d. $423.89
Mom