You just charged $10,500 on your credit card for a vacation. The credit card charges an annual rate of 22.5%. You will be making $200 payment every month for 6 years with the first payment made next...

You just charged $10,500 on your credit card for a<br>vacation. The credit card charges an annual rate of 22.5%.<br>You will be making $200 payment every month for 6<br>years with the first payment made next month and the<br>last at the end of the sixth year. What will be the<br>remaining balance in your credit card account at the end<br>of the sixth year?<br>$69,968<br>$12,813<br>$16,013<br>$10,032<br>$3,991,673<br>

Extracted text: You just charged $10,500 on your credit card for a vacation. The credit card charges an annual rate of 22.5%. You will be making $200 payment every month for 6 years with the first payment made next month and the last at the end of the sixth year. What will be the remaining balance in your credit card account at the end of the sixth year? $69,968 $12,813 $16,013 $10,032 $3,991,673

Jun 11, 2022

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You just charged $10,500 on your credit card for a vacation. The credit card charges an annual rate of 22.5%. You will be making $200 payment every month for 6 years with the first payment made next...

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