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You have a balance of $5,000 on your credit card, which charges an interest rate of 1.5% per month Looking at your budget, you figure

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You have a balance of $5,000 on your credit card, which charges an interest rate of 1.5% per month Looking at your budget, you figure you can make the following payments W they be enugh o pay off your oedt can Month CF $500 $550 $600 $650 $700 S/50 s000 (Select from the drop-down menus) The present value of your payments is V the amount of the loan, so you be able to pay off the loan You have a balance of $5,000 on your credit card, which charges an interest rate of 1.5% per month Looking at your budget, you figure you can make the following payments W they be enugh o pay off your oedt can Month CF $500 $550 $600 $650 $700 S/50 s000 (Select from the drop-down menus) The present value of your payments is V the amount of the loan, so you be able to pay off the loan

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