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July 23, 2014

Homework Help: math

Posted by Anonymous on Monday, August 20, 2012 at 11:57pm.

Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $30. How much will you save in interest charges in June by paying $60 instead?
$ 1

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