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Business, 12.08.2020 05:01 bear342

Question 23 of 40 Jesse has a balance of $1200 on a credit card with an APR of 18.7%,
compounded monthly. About how much will he save in interest over the
course of a year if he transfers his balance to a credit card with an APR of
12.5%, compounded monthly? (Assume that Jesse will make no payments or
new purchases during the year and ignore any possible late payment fees.)
A. $181.46
B. $85.77
C. $117.85
D. $87.33

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Answers: 2

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Question 23 of 40 Jesse has a balance of $1200 on a credit card with an APR of 18.7%,
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