Question
Your credit card charges an interest rate of 2.09% per month. You have a current balance of $1,220, and want to pay it off. Suppose
Your credit card charges an interest rate of 2.09% per month. You have a current balance of $1,220, and want to pay it off. Suppose you can afford to pay $95 per month. What will your balance be at the end of one year?
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
