Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is of the annual interest rate. You maintain an average balance of $ on your credit card, which carries % annual interest rate. Question content area bottom Part 1 The monthly interest payment is $ enter your response here. (Type an integer or a decimal.)

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04-09-2022
Mathematics

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Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is of the annual interest rate. You maintain an average balance of $ on your credit card, which carries % annual interest rate. Question content area bottom Part 1 The monthly interest payment is $ enter your response here. (Type an integer or a decimal.)

Sagot :

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