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kaheart [24]
3 years ago
11

If you have a balance of $1,000 on your credit card, and the interest rate is 17¾% a year, in order to pay off the $1,000 in 5 y

ears, you will have to make minimum payments of $25.26 a month. How much will the $1,000 loan cost you in interest?
Mathematics
1 answer:
viva [34]3 years ago
8 0

Answer:

$540.54

Step-by-step explanation:

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