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(1 point) (Exercise 2.2) You have an inactive credit card with $1300 outstanding unpaid balance. The credit card charges at an annual rate of 17%

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(1 point) (Exercise 2.2) You have an inactive credit card with $1300 outstanding unpaid balance. The credit card charges at an annual rate of 17% compounded monthly. You are able to make a payment of $350 one month from today and $550 two months from today. Find the amount that you will have to pay three months from today to completely pay off the credit card debt. Answer = $

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