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Calculating credit card interest Ruby Wilson, a student at State College, has a balance of $180 on her retail charge card. If the store levies
Calculating credit card interest Ruby Wilson, a student at State College, has a balance of $180 on her retail charge card. If the store levies a finance charge of 20 percent per year, how much monthly interest will be added to Rubys account? Assume that the balance is computed by the average daily balance method. Assume a 30 day month. Round the answer to 2 decimal places. $
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