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16 January, 07:46

You owe $958.62 on a credit card at a 9.7% APR. The minimum payment is $105.00. How much goes toward principal if you make the minimum payment at the end of the first month?

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  1. 16 January, 08:27
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    958.62*9.7%

    $92.98 at the end of the month
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