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mullerma
03.05.2021 •
Mathematics
Joe's unpaid balance is $6,325.00 His interest rate is 18%. HIs new interest is
Multiply the balance by .18 then multiply that number by 1/12 (for 1 month out of 12) which writes out as .0833333
Round to the nearest decimal. The formula is ( Balance X .18 X .0833333 )
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