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You currently owe $2,611 if your credit card that charges an annual interest rate of 17.78%. You make $181 of new charges every month and

You currently owe $2,611 if your credit card that charges an annual interest rate of 17.78%. You make $181 of new charges every month and make a payment of $225 every month. What will the balance be in three months?

A 1,000 par value bond that pays interest annually just paid $79 in interest. What is the coupon rate?

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