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Please show all the process Your credit card charges an interest rate of 2% per month. You have a current balance of $1,000, and want

Please show all the process
Your credit card charges an interest rate of 2% per month. You have a current balance of $1,000, and want to pay it off. Suppose you can afford to pay $100 per month. What will your balance be at the end of one year? You will still owe $ after one year. (Round to the nearest cent.)

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