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4. Imagine you have a credit card balance of $5,000. The interest rate in the card is 14% and you make payments monthly. If you

4. Imagine you have a credit card balance of $5,000. The interest rate in the card is 14% and you make payments monthly. If you want to pay off this balance in 2 years, what is the dollar amount monthly payment must you make? Show your work using your time value of money skills

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