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Your credit card has an EFFECTIVE rate of 30%. You can pay off your credit card debt in 14 months by paying $500 each month.

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Your credit card has an EFFECTIVE rate of 30%. You can pay off your credit card debt in 14 months by paying $500 each month. What is the current balance on your credit card? Starting today, you invest $100 at the beginning of each month into stocks that are expected to earn 12% per year. How much will your investment be worth in 40 years

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