Dominic has a balance of $1,460.20 on his credit card. The minimum payment requirement is 6%, and the card's APR is 18%. If he makes the minimum payment, how much of it will go toward reducing the balance? Round your answer to the nearest hundredth.

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The Answer of Dominic has a balance of $1,460.20 on his credit card. The minimum payment requirement is 6%, and the card's APR is 18%. If he makes the minimum payment, how much of it will go toward reducing the balance? Round your answer to the nearest hundredth.

Dominic Has a Balance of $1,460