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How much interest have you accrued by that time

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Question - You just opened up a credit card account that gives you $10,000 credit limit. Your APR is 20.99% and interest is compounded daily. If you chose to keep the balance of $8000 for an entire year (no payments are required for the first 12 months), how much interest have you accrued by that time?

Reference no: EM133133999

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