A primary credit card holder's card has an APR of 11.99%. The current monthly balance, before interest,
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A primary credit card holder's card has an APR of 11.99%. The current monthly balance, before interest, is $6,299.59. The cardholder makes a payment of $350 the first 11 months and then pays off the balance at the end of the 12th month. How much interest did the credit card holder pay?
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date: