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You take out a $2,000 line of credit with a 12% interest rate. You spent $1,500 of the $2,000. You plan to pay off the

You take out a $2,000 line of credit with a 12% interest rate. You spent $1,500 of the $2,000. You plan to pay off the $1,500 in 12 months. Assume you only make the minimum payment. what is the credit card balance after 2 months?

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