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After a 3-month vacation in Europe, John has a huge credit card bill. The credit card has a 7% A.P.R. (annual percentage rate). After John
After a 3-month vacation in Europe, John has a huge credit card bill. The credit card has a 7% A.P.R. (annual percentage rate). After John makes a payment, what will be the interest charge on his next month's bill if he has a remaining balance of $9,000? Use the Ending Balance Method. If you're not sure how to get started, take a look at the detailed solution. The link is below the answer box. The interest charge on his next month's bill will be $ ?
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