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Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest rate.You maintain an

Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is

1/12

of the annual interest rate.You maintain an average balance of

$780

on your credit card, which carries

15%

annual interest rate.

The monthly interest payment is

$enter your response here.

(Type an integer or a decimal.)

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