find the balance on the credit card after 3 months with the following information: apr = 15.99%

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find the balance on the credit card after 3 months with the following information: apr = 15.99% carryover balance for month 1 = $793.16 minimum payment is $50 or 8%, whichever is greater

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 15, 2024 01:01 AM

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find the balance on the credit card after 3 months with the following information: apr = 15.99%

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Expert Answer:

Monthly Interest Rate Well convert the APR Annual Percentage Rate to a monthly rate for easier calculation Monthly Interest Rate APR 12 1599 12 13325 ... View the full answer

Income Tax Fundamentals 2013

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