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Samuel has a charge card with a 19.75% financing cost (APR). 17 days before her account installment date, she pulls out $500 from the card.

Samuel has a charge card with a 19.75% financing cost (APR). 17 days before her

account installment date, she pulls out $500 from the card. What will be the sum

she will owe on the installment date? (Hint: Charge card interest depends on day by day

compounding). Show the computations used to address this inquiry.

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