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Mathematics
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rgudino03:
Isabel has a previous balance of $872 on a credit card with a 17.8% APR compounded monthly. If she made a payment of $50 this month, what is the new balance on her credit card? (2 points)
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smatteson4768:
I need help with that same problem
jimthompson5910:
The APR is 17.8% This means the monthly rate is (17.8%)/12 = 1.4833% approximately This converts over to the decimal form 0.014833 Do you agree so far?
supie:
Although you already got help, is this a test question? If it is, just know that we are not allowed to help you with the test questions. It's written in the rules.
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