Allison accumulated $ 7,000 in credit card debt. If the interest rate is 15 % per year

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Allison accumulated $ 7,000 in credit card debt. If the interest rate is 15 % per year and she does not make any payments for 3 years, how much will she owe on this debt in 3 years for quarterly compounding?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Mar 20, 2024 03:07 AM

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Allison accumulated $ 7,000 in credit card debt. If the interest rate is 15 % per year

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Answer Allison will owe 1088818 on her debt in 3 years Heres the breakd... View the full answer

Fundamentals of Corporate Finance

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