Ellen has maxed out her credit card at $19,500 and vows not to make any other credit card purchases. her credit card company charges 1.5% interest per
month, and the minimum monthly payment is all interest due plus 3% of the principal balance. how much of the balance can ellen pay down if she pays the
minimum payment only for 3 months? round the answer to the nearest cent.


after three months, alan would have paid off how many dollars?