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2. Suppose your credit card balance is $1,125. The minimum payment amount is $22, and the annual percentage is 18%. a. If you make a
2. Suppose your credit card balance is $1,125. The minimum payment amount is $22, and the annual percentage is 18%. a. If you make a constant monthly payment of $22, how long will it take you to pay off the credit card balance? b. How much interest will you pay if you elect to make the minimum payment?
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
