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2. You have just received an email inviting you to accept a new cr edit card that offers you a $12,000 credit limit based upon

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2. You have just received an email inviting you to accept a new cr edit card that offers you a $12,000 credit limit based upon your FICO score. You realize you can use that card now to charge your long overdue upscale vacation, which will cost $12,500. The introductory terms of your new card indicates that no payment is due for the next two years, and the amount due will be charged a low 3% monthly rate until you repay. Assuming you wait the full two years, how much will you owe at that time

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