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01-04-2022
Business

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James has a credit card balance $5000 after Black Friday and he decides to pay $300 at the beginning of every month at 2.1% annual interest rate . In how many months can he pay off the balance

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shackbamba shackbamba

01-04-2022

Answer:

16 months

Explanation:

2.1% of 300 is 6.3, 5000/3.06.3 = 16.32

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