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2 March, 00:33

You pay for a $500 purchase using a credit card. The credit card company charges a 24% interest rate, compounded monthly, on the unpaid balance. How much will you owe after 3 months? Assume you don't make any payments during this time.

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  1. 2 March, 03:16
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    530.60 for interest on 3 months you don't make any payments
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