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 24.99%. If a payment of $100.00 is made each month, how long will it take to pay off an unpaid balance of $2,487.56?

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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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Answers It will take 20 months to pay off an unpaid balance of 248756 with a payment of 10000 ...View the full answer

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

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