You're really good at investing and you have $1,500 in your investment account. You make 8.5% interest a year on your investment account! For a year you owe $1,600 on a credit card. You pay 19% interest a year on this credit card debt. Answer these questions: How much money are you making on your investment in a year? $ How much money are you paying in interest in a year on your card? $ What's your total gain/loss that year? $ Enter a negative value for a loss?

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To calculate the earnings from the investment account and th... View the full answer