What would be the total balance two months from now

Reference no: EM13242489

if your credit card calculates interest based on 13.90 APR, compounded monthly,

(A) What are you monthly interest rate and annual effective interest rate ?

(B) if your current outstanding balance is 3,000 and you skip payments for two months, what would be the total balance two months from now?

Reference no: EM13242489

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