[Solved] Your credit card charges an interest rate

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Your credit card charges an interest rate of 2.04% per month. You have a current balance of $1,080, and want to pay it off. Suppose

Your credit card charges an interest rate of 2.04% per month. You have a current balance of $1,080, and want to pay it off. Suppose you can afford to pay $105 per month. What will your balance be at the end of one year?

You will still owe $_____ after one year.

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