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If your credit card calculates interest based on 1 7 . 2 5 % APR , compounded monthly ( a ) What are your monthly

If your credit card calculates interest based on 17.25%APR, compounded monthly
(a) What are your monthly interest rate and annual effective interest rate?
(b) If your current outstanding balance is $2000 and you skip payments for three months, what would be the total balance three months from now?

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