2. Andrew has a debit of $4600 on a credit card with a compound interest rate...
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2. Andrew has a debit of $4600 on a credit card with a compound interest rate of 16.35% p.a. He decided to transfer the balance to a new card with a 0% balance transfer for 6 months. However after 6 months the new card reverted to an interest rate of 20.65% p.a. Is Andrew better off after 12 months? 2. Andrew has a debit of $4600 on a credit card with a compound interest rate of 16.35% p.a. He decided to transfer the balance to a new card with a 0% balance transfer for 6 months. However after 6 months the new card reverted to an interest rate of 20.65% p.a. Is Andrew better off after 12 months?
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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