You buy a $3,000 piece of furniture by opening up a new credit card that offers 0% interest if you pay it off in 24 months. If you do not pay it off by then, you will need to pay 20% interest on the full purchase price. You receive your first bill. The minimum payment is $75. What is the least amount you should pay over the minimum each month so that you will pay off the furniture before the 24-month period ends?(1 point)

Responses

$5 more per month
$5 more per month

$25 more per month
$25 more per month

$50 more per month
$50 more per month

$10 more per month