In Problem assume that no new purchases are made with the credit card. The annual interest rate
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In Problem assume that no new purchases are made with the credit card.
The annual interest rate on a credit card is 14.99%. If the minimum payment of $20 is made each month, how long will it take to pay off an unpaid balance of $937.14?
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Solution 1 It takes 5 year...View the full answer
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Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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