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3) Your credit card has a balance of $200 and an annual interest rate of 12%. You decide to pay off the balance over three
3) Your credit card has a balance of $200 and an annual interest rate of 12%. You decide to pay off the balance over three years. If there are no further purchases charged to the card, you must pay 517271 each month, and you will pay a total interest of 101756 Assume you decide to pay off the balance over one year rather than three a) How much more must you pay each month? b) How much less will you pay in total interest
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
