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Brent buys a new video game console at $200 and pays for it with a credit card carrying a 25% Annual Percentage Rate (APR). He
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Brent buys a new video game console at $200 and pays for it with a credit card carrying a 25% Annual Percentage Rate (APR). He only has to pay a minimum payment of $10 each month, which seems like a bargain because he can use the video game console right away and make the payments over time. Help Brent figure out the true cost of his video game console and how long it will take him to pay it off.
Original Purchase Cost | Months to Pay Off Debt | Amount Paid in Interest | Final Price |
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