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July 28, 2014

Homework Help: ALGEBRA

Posted by MONICA on Saturday, November 26, 2011 at 5:22pm.

Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead?
Steps please.

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