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11. Where is the mistake? Consider a credit card with a balance of $8,000 and an APR of 19.5%. If you want to make monthly

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11. Where is the mistake? Consider a credit card with a balance of $8,000 and an APR of 19.5%. If you want to make monthly payments to pay off the balance in 2 years, what is the monthly payment? PV: 8000 Payment: 405.22 FV:0 APR: 19.5% Periodsper: 12n/ compounding: 12

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