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Nookie1986 [14]
3 years ago
5

You have a balance of $4,000 on your credit card with a 12% interest rate (1% per month). You plan to make no new purchases with

the card. You want to reduce your balance to zero over the next year. Which monthly payment is most likely to accomplish this in 11 or 12 months?
Mathematics
1 answer:
Alex787 [66]3 years ago
4 0
Should be around $335-$340 per month
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