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Your credit card charges an interest rate of 3% per month. You have a current balance of $2000 and want to pay it off. Suppose

Your credit card charges an interest rate of 3% per month. You have a current balance of $2000 and want to pay it off. Suppose you can afford to pay off $150 per month. What will your balance be at the end of one year? ( 5 marks)

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