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Mathematics 85 Online
TheJag18:

last one (Total Costs and Debt Payoff MC) A borrower has a $7,000 balance on a credit card that charges 15.99% interest, compounded monthly. Which of the following monthly payments would allow the borrower to pay the balance in full after four years? A spreadsheet was used to calculate the correct answer.Your answer may vary slightly depending on the technology used. $196.95 $184.34 $153.61 $198.35

Phantomdex:

The monthly payments that would allow the borrower to pay the balance in full after four years is D. $198.35 I think :>

JayJolt:

@jayjolt

TheJag18:

great! your a amazing gal. Thank you so much for your help.

Phantomdex:

You're welcome ^^

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