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How much will have paid since january

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Reference no: EM132525932

Suppose that on January 1 you have a balance of ?$3600 on a credit card whose APR is 19?%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1.

Question a. Calculate your monthly payments.

Question b. When the card is paid? off, how much will you have paid since January? 1?

Reference no: EM132525932

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