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A credit card charges 24 percent annual interest and Nio Long has $750 due on the statement date. He is only able to make the
A credit card charges 24 percent annual interest and Nio Long has $750 due on the statement date. He is only able to make the minimum payment of $22.50. If the billing cycle is 30 days and the grace period is 20 days, and he pays the full balance at the next due date, how much interest would he owe? (Show your calculations)
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