(Total Costs and Debt Payoff MC) A recent college graduate has a $3,500 balance on a credit...

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(Total Costs and Debt Payoff MC) A recent college graduate has a $3,500 balance on a credit card that charges 16.5% interest, compounded monthly. What monthly payment must be made to pay this balance in two years? A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used. $172.21 $171.22 $169.90 $149.84

Posted Date: May 18, 2024 05:12 PM

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(Total Costs and Debt Payoff MC) A recent college graduate has a $3,500 balance on a credit...

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