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11 votes
11 votes
You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Disclaimer: this is treating credit cards as an amortized loan, which they are not.

User Herby
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1 Answer

20 votes
20 votes

Answer:

$65?

Explanation:

User Glenn Sayers
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