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how he find 8 months 1. The first with AussieBank. It has a current balance of $1,500 and is incurring interest of 20.95%. 2. The
how he find 8 months
1. The first with AussieBank. It has a current balance of $1,500 and is incurring interest of 20.95%. 2. The second credit card is with New Zealand and Australia Bank and has a balance of $10,500. It is also incurring interest at 20.95%. Both credit cards are being repaid at the minimum rate. The couple bought a house 5 years ago and are paying down a mortgage which is \begin{tabular}{|r|r|r|r|} \hline Interest rate (monthly) & period (months) & Monthly installment & Total installment \\ \hline 1.75% & 8 & 202.53 & 1,620.22 \\ \hline 1.75% & 8 & 1,417.69 & 11,341.56 \\ \hline & & 1,620.22 & 12,961.78 \\ \hline \end{tabular} 1. The first with AussieBank. It has a current balance of $1,500 and is incurring interest of 20.95%. 2. The second credit card is with New Zealand and Australia Bank and has a balance of $10,500. It is also incurring interest at 20.95%. Both credit cards are being repaid at the minimum rate. The couple bought a house 5 years ago and are paying down a mortgage which is \begin{tabular}{|r|r|r|r|} \hline Interest rate (monthly) & period (months) & Monthly installment & Total installment \\ \hline 1.75% & 8 & 202.53 & 1,620.22 \\ \hline 1.75% & 8 & 1,417.69 & 11,341.56 \\ \hline & & 1,620.22 & 12,961.78 \\ \hline \end{tabular}Step by Step Solution
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