9. Credit Reduces Future Income. The disposable income from your part-time job in 2010 and 2011 is...

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9. Credit Reduces Future Income. The disposable income from your part-time job in 2010 and 2011 is $12,000. In 2010, you borrow $500 at 18 percent interest. You repay your loan with interest in 2011. How much would you have available for spending in 2011? (Obj. 3)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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