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April 20, 2014

Homework Help: Math/Financing

Posted by Trevor on Sunday, October 22, 2006 at 10:05am.

I need help with a math problem. If someone finances an item at an apr rate of 17.99% interest, and pays all charges off in 2 months, what will the total amount paid for the item be. Assuming there is no annual fee and the minimum finance charge is $2.00

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