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Mathematics, 03.10.2019 11:20 mikequntana512

People sometimes use credit cards to purchase items they can’t afford to pay for at the moment of purchase. if you’re one of these people, you should know that the monthly finance charge on credit purchases is based on percent. let’s say you have an outstanding balance of $800 on your credit card. the credit card company charges 1.6% per month. what finance charge will you have to pay for one month?

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