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My credit card is currently charging me an interest rate of 15.9% compounded continuously on any continuing balance. At Christmas time, the credit card company
My credit card is currently charging me an interest rate of 15.9% compounded continuously on any continuing balance. At Christmas time, the credit card company makes an offer that would allow a delay of any payments for twelve months (even though interest is still being accrued). I have a balance of of $1200 on this card. How much interest would I owe at the end of twelve months (in addition to my orignal balance) if I choose to delay payments as offered?
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