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How much interest in total do pay for each card

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Reference no: EM132997890

Suppose you carry a balance of $1,000 on one credit card (CARD 1) that has a rate of 9% APR and another (CARD 2) with a rate of 15%. Assume you make no payments.

Problem 1: How much interest in total do you pay for each card?

Reference no: EM132997890

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