Jose wants to buy a stereo for $650 and pay for it using a credit card that has an apr of 19.85% jose will make the minimum payment of $20. what is joses total code of using credit

Given:
Credit card balance : 650
APR: 19.85%
Minimum payment : 20

I used an online Credit card calculator to solve for the total amount that Jose will pay for his purchase and how long it would take him to pay it.

It would take Jose 4 years to pay off his stereo.

4 years x 12 mos/yr = 48 months
48 mos x 20 min. pyt = 960 total amount paid.

960 - 650 = 310.

Had Jose opted to pay in cash, he would have been able to save 310. 

The Answer is 195,887,300.25