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Suppose you run up a debt of $300 on a credit card that changes an annual rate of 12 percent compounded annually. How much will
Suppose you run up a debt of $300 on a credit card that changes an annual rate of 12 percent compounded annually. How much will you owe at the end of two years? Assume no additional charges or payments are made. Instructions: Round your answer to two decimal places. $
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