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You have crodt card deot of $30,000 that has an APR (monthly compounding) of 16%....

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Accounting

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You have crodt card deot of $30,000 that has an APR (monthly compounding) of 16%. Each month you pay the minimum monthly payment. You are required to pay only the outstanding intecest. You old card into the new card, and borrow addtional money as woll. How much can you boerow today on the now card without changing the minimum monthly payment you wil be required to pay? (Wote: Be cavid not to round any intermediate steps less than sir decinal places) You can borrow's on the new card without changing the minimum montly payment you will be required to pay. (Reund to the nearest dollar)

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