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Posted on May 19, 2024

Carrie purchases a $4,500 entertainment system on a revolving charge account. The seller charges interest monthly at 12% per year using the unpaid balance method.

Carrie purchases a $4,500 entertainment system on a revolving charge account. The seller charges interest monthly at 12% per year using the unpaid balance method. Carrie pays $400 per month. What is the outstanding balance after the second payment

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