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Business, 02.03.2020 17:51 hmu323

Your credit card has an APR of 12.5%. What is your monthly interest rate and annual effective interest rate with monthly compounding? What would a balance of $2,000 grow to be if you skipped payments for 2 months?

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Your credit card has an APR of 12.5%. What is your monthly interest rate and annual effective intere...
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