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Your credit card charges an interest rate of 1.5% per month on the monthly balance outstanding. You have a current balance of $15,000 which you

Your credit card charges an interest rate of 1.5% per month on the monthly balance outstanding. You have a current balance of $15,000 which you want to pay off. If you can only afford to pay off $900 per month the balance on your credit card at the end of one year will be closest to:

$11,737. $8,803. $6,197. $17,934.

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