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Cassie is financing a $2,400 treadmill. She is going to use her credit card for the purchase. Her card charges 17.5% interest compounded monthly.
Cassie is financing a $2,400 treadmill. She is going to use her credit card for the purchase. Her card charges 17.5% interest compounded monthly. She is not required to make minimum monthly payments. Answer parts a through c below. a. How much will Cassie pay in interest if she waits a full year before paying the full balance? (Round to the nearest cent as needed.)
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