[Solved] 2 . Consider a credit card with a balance

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2 . Consider a credit card with a balance of $ 7 , 0 0 0 and an APR of 1 2 . 5 %

2 .

Consider a credit card with a balance of $

7, 000

and an APR of

12.5 % .

If you want to make monthly payments to pay off the balance in

2

years, what is the total amount you will pay?

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