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 16.99%. If a payment of $100.00 is made each month, how long will it take to pay off an unpaid balance of $2,487.56?
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Answer It will take 24 months to pay off an unpaid bala...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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