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3. You have a credit card with an APR of 19%. The card requires a minimum monthly payment of 7% of the balance. You have
3. You have a credit card with an APR of 19%. The card requires a minimum monthly payment of 7% of the balance. You have a balance of $13,800. You stop charging and make only minimum monthly payments. What will the balance be after 6 years? 4. You have a credit card with an APR of 22%. The card requires a minimum monthly payment of 14% of the balance. You have a balance of $7,400. You stop charging and make only minimum monthly payments. 3. You have a credit card with an APR of 19%. The card requires a minimum monthly payment of 7% of the balance. You have a balance of $13,800. You stop charging and make only minimum monthly payments. What will the balance be after 6 years? 4. You have a credit card with an APR of 22%. The card requires a minimum monthly payment of 14% of the balance. You have a balance of $7,400. You stop charging and make only minimum monthly payments
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
