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You discover that you need a new laptop that costs $5,000. You charge the laptop to your credit card which charges a 23% annual
You discover that you need a new laptop that costs $5,000. You charge the laptop to your credit card which charges a 23% annual interest rate. If you make no payments on the credit card for 5 years, how much will you owe on the card? Assume annual compounding. (Round to nearest penny, e.g. 1234.56) Answer:
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
