In Problem assume that no new purchases are made with the credit card. The annual interest rate

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In Problem assume that no new purchases are made with the credit card.

The annual interest rate on a credit card is 14.99%. If the minimum payment of $20 is made each month, how long will it take to pay off an unpaid balance of $937.14?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Mar 22, 2022 12:44 AM

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In Problem assume that no new purchases are made with the credit card. The annual interest rate

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Solution 1 It takes 5 year...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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