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Suppose your credit card balance is $18,000. The minimum payment is $339.55. The annual interest rate is 19.3% and interest is calculated monthly. If you
Suppose your credit card balance is $18,000. The minimum payment is $339.55. The annual interest rate is 19.3% and interest is calculated monthly. If you just make the minimum monthly payment ($339.55) every month, how much total interest will you pay by the time you pay off your debt? Round to the whole number 20,880 care. 77
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