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#5. You ran a little short on your spring break vacation, so you put $1,000 on your credit card. You can only afford to make

#5. You ran a little short on your spring break vacation, so you put $1,000 on your credit card. You can only afford to make the minimum payment of $20 per month. The interest rate on the credit card is 1.5 percent per month. How much interest will you pay?

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