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christinachavez081
18.05.2021 •
Mathematics
Will credit cards help? The average undergraduate student leaves college with a diploma and around $2750 in credit card debt (graduate students, $4800). Suppose you have a credit card with a balance of $2750 and an interest rate of 19.8% APR. The minimum payment is $45.00. The amount of interest due each month is figured as , where r is the rate (decimal form) and n is 12.
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