Question: How much interest will you have to pay for a credit card balance of $714 that is 1 month overdue, if a 20% annual rate

How much interest will you have to pay for a credit

How much interest will you have to pay for a credit card balance of $714 that is 1 month overdue, if a 20% annual rate is charged? You will have to pay $1 in interest. (Round to two decimal places.)

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