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Interest using the adb including new purchases method

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George charged a motorized bicycle on his credit card for $2,000 on June 12. His balance before that purchase on that credit card was $500. His credit card company calculates interest using the ADB including new purchases method. The APR on George's credit card is 15% APR. Hint: the credit card rounded the monthly interest rate up to .013%.

Reference no: EM132505771

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