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Your credit card has a current balance of $2,000. The interest rate is 2% per...

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Question

Finance

Your credit card has a current balance of $2,000. The interest rate is 2% per month. If you will pay off $190 at the end of each month for the next 12 months, what will your balance be a year later?

Group of answer choices

12

-35

-12

29

Answer & Explanation Solved by verified expert
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