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please help solve these two questions related to credit card transaction If you carry a $5,000 balance, please answer the following: - What is your
please help solve these two questions related to credit card transaction
If you carry a $5,000 balance, please answer the following: - What is your annual interest expense if you consistentiy carry a $5,000 balance with a 24% interest rate? - Assuming you make the minimum payment of 2% of the balance each month, how long will it take you to pay off the card with a 24% interest rate? What vill be the total interest expense
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