it is easier to see if you make your table of schedule..
The question is:
You owe $4543.26 on a credit card. The interest rate is 19.99% and you are paying $125 per month.
How much of your next payment will go toward interest?
How much of your next payment will go toward principal?
How much will you owe after you make your next payment?
I will appreciate any help! Thanks!