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Suppose that on January 1 you have a balance of $ 2 5 0 0 on a credit card whose APR is 1 2 %
Suppose that on January you have a balance of $ on a credit card whose APR is which you want to pay off in year. Assume that you make no additional charges to the card after January
a Calculate your monthly payments.
b When the card is paid off, how much will you have paid since January
c What percentage of your total payment from partb is interest?
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