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TheJag18:
I only have less then 15 minutes. plz help its 12th grade (Total Costs and Debt Payoff MC) A borrower owes $5,295 on a credit card with a 22.4% interest rate compounded monthly. What monthly payment should be made in order to pay off this debt in 12 months, assuming there are no more purchases made with the card? A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used. $500.69 $508.10 $449.49 $496.60
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