A young man with a credit card balance of $5400 and a stated annual interest rate of 21% P.A. decides to start making charges on that card and repay it in full in 30 equal monthly payments.

A young man with a credit card balance of $5400 and a stated annual interest rate of 21% P.A. decides to start making charges on that card and repay it in full in 30 equal monthly payments. How much would he each payment have to be to meet his goal?

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