iamloyal7421 iamloyal7421

16-01-2024
Mathematics

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Assume you are 22 years old when you graduate from the University of Arizona and have a credit card with a $2,000 credit balance with an 18% annual rate. If you only make minimum payments of 2% of the balance or just $10 (whichever is greater) each month, what birthday will you likely be be celebrating when the the credit card is paid off?

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