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( Click on the following icon in order to copy its contents into a spreadsheet. ) You have a balance of $ 5 , 0
Click on the following icon
in order to copy its contents into a spreadsheet. You have a balance of $ on your credit card, which charges an interest rate of
per month. Looking at your budget, you figure you can make the following payments:
Will they be enough to pay off your credit card?
The present value of your payments is $
Round to the nearest cent.
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