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Sandra purchased $1,200 worth of electronic equipment on her new credit card, with an annual interest rate of 14.99%. If she has no other charges on the card and does not pay off the balance at the end of the month, how much money will she owe the credit card company after 1 month? Estimate the interest using the monthly periodic rate.

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Given data:

The given amount of equipment purchased by the Sandra is A=$1,200.

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