How much interest will have been paid

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Reference no: EM133434243

Question: A truck driver pays for emergency repairs that cost $1,215.49 with a credit card that has an annual rate of 19.95%. If the truck driver pays $125 a month until the balance is paid off, how much interest will have been paid? A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.

Reference no: EM133434243

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