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You have a credit card with a 2000 dollar balance. The card charges 12 percent nominal interest, compounded montly. If you are able to make
You have a credit card with a 2000 dollar balance. The card charges 12 percent nominal interest, compounded montly. If you are able to make a single payment of 400 dollars one month from now and 600 dollars two months from now, what is the payment three months from now that pays off the balance in full?
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