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You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You
You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum
monthly payment. You intend to charge $ per month on the card for the next months. The card carries a monthly
interest rate of How much money will you owe on the card months from now, when you receive your first
statement postgraduation?
After months you will owe $Round to the nearest cent.
After months you will owe $
Round to the nearest cent.
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