How much will you owe at the end of two years

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Question: Suppose you run up a debt of $300 on a credit card that charges an annual rate of 12 percent, compounded annually. How much will you owe at the end of two years? Assume no additional charges or payments are made. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132178306

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