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Business, 16.11.2020 17:50 JamminJare

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 years, you will have to make minimum payments of $25.26 a month. How much will the $1,000 loan cost you in interest?

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