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Your credit card has a balance of $ 4200 and an annual interest rate of 12 %. You decide to pay off the balance over

Your credit card has a balance of $4200 and an annual interest rate of 12%. You decide to pay off the balance over four

years. If there are no further purchases charged to thecard,

a. How much must you pay eachmonth?

b. How much total interest will youpay?

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