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ANTONII [103]
3 years ago
5

Please help me!

Mathematics
1 answer:
Ipatiy [6.2K]3 years ago
6 0
699.70. 

But understand that CCs are a DAILY interest charge, not a simple annual interest charge. The interest is compounded daily - you'll pay interest on top of interest which starts at $1.92 for the first day, then it goes up form there. You'll pay $796 over the 1st year of the loan presuming you make no payments and I'm discounting late payment penalties. So, the effective interest rate is about 29%.
[plz don't hate me if I get this wrong]
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