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Suppose that on January 1 I have a balance of $6200 on my credit card whose APR is 17%, which I want to pay off
Suppose that on January 1 I have a balance of $6200 on my credit card whose APR is 17%, which I want to pay off in one year. Assuming that I make no additional charges to my card AFTER Jan 1, please help me to:
- My monthly payment would be $----? Please help me to round my answer to the nearest CENT.
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