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At the beginning of the year, you owe the bank $2000 in credit card balance. The credit card has an APR of 36%. The interest

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At the beginning of the year, you owe the bank $2000 in credit card balance. The credit card has an APR of 36%. The interest is compounded monthly. If you leave the balance unchanged, how much do you owe the bank after 1 year? (Hint: compute EAR first) $2852 $2420 $2720 $2500

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