Mathematics, 10.03.2021 19:50 Jasten

Larry loves music. He bought $285 worth of MP3 files on his credit card, and now he cannot afford to pay off his debt. If the credit card company charges him 18% annual interest compounded monthly, how does Larry's debt grow as time passes? How much would he owe at the end of the year if he had a "no payments for 12 months" feature for his credit card?

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Larry loves music. He bought $285 worth of MP3 files on his credit card, and now he cannot afford t...

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