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tatuchka [14]
3 years ago
8

Oliver just got a new credit card and immediately made a purchase for $2500. The card offers0% APR for the first 90 days and 17.

99% APR afterward, compounded daily. Oliver doesn't expect to pay off the 2500$ balance on the card for one year, nor does he expect to make any more purchases during the year. He wants to know how much money in interest the 0% APR for the first 90 days will save him. Help him calculate the answer. Ignore late payment fees
Business
1 answer:
Charra [1.4K]3 years ago
4 0

Answer:

part 1: for how many days out of the year will oliver pay interest at a 17.99% APR? answer is 275

Explanation:

you subtract 365-90

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