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help with all of these Your credit card company agrees to lower the annual interest rate to 1.8% for you. If a payment of $200.00
help with all of these Your credit card company agrees to lower the annual interest rate to 1.8% for you. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of $10,590.67? (Round up to the next month.) No new purchases can be made with the credit card. (Assume the interest rate is compounded monthly.) The number of months (nt) is You want to purchase an automobile for $35,400. The dealer offers you 0% financing for 72 months or a $3000 rebate. You can obtain financing for 72 months at 4.2% cm from Port Charles Federal Bank. Which option should you choose? Monthly payment from Dealer = Monthly payment from Bank = Which do you choose? How much would you save each month? 2
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