Some credit card companies offer a "teaser" rate, an initial interest rate that is exceptionally...
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Some credit card companies offer a "teaser" rate, an initial interest rate that is exceptionally low for a short period of time usually less than year and then adjusts to a much higher rate. For borrowers with good credit scores above the interest rate ranges from to Suppose Janice has two credit cards, one with a balance of $ and the second with a balance of $ If she transfers both of her card balances to a credit card with an annual interest rate of and wants to repay her entire debt in year, what are her monthly payments in dollarsRound your answer to the nearest cent.
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