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Joey and James charged $4000 worth of widgets on their credit card, which charges 0.99% interest per month. If they made no payments for one

Joey and James charged $4000 worth of widgets on their credit card, which charges 0.99% interest per month. If they made no payments for one year and just let the balance ride, how much interest would have accrued in the first year? Note that if they did this, they would be charged late fees as well.

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