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How much will pay in interest for kristin

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Problem 1: Kristin uses her credit card to purchase a new television for $863.35. She can pay off up to $425 per month. The card has an annual rate of 29.9% compounded monthly. How much will she pay in interest?

A) $41.28

B) $11.52

C) $34.12

D) $47.47

Reference no: EM132773272

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