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You have just entered a two-year MBA program and have decided to pay for your living expenses using a credit card that has no minimum

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You have just entered a two-year MBA program and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $2,000 per month on the card for the next 24 months. The card carries an APR of 24%, with monthly compounding. How much money will you owe on the card 25 months from now, when you receive your first statement post-graduation

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