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You owe $1,000 in credit card debt, which you plan to pay off in 12 monthly payments at the start of next month. If the

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You owe $1,000 in credit card debt, which you plan to pay off in 12 monthly payments at the start of next month. If the nominal monthly interest rate that the credit card company uses is 28%, calculate the monthly payment. What is the total amount of money you pay to the credit card company

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