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Question:-1

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You have a credit card that has a balance of $4760 at an APR of 12.99%. You plan to pay $300 each month in an effort to clear the debt quickly. How many months will it take you to pay off the balance? Formulas Steve plans to purchase a house and needs to save $75,000 for a down payment over the next 5 years. What amount would he need to save monthly If his savings can earn 2.5% compounded semi-annually? WY PNY CNY N PV PMT FV