How much total interest will he pay
Problem
Larry uses his credit card to purchase a new video game system for $445.07. He can pay off up to $200 per month. The card has an annual rate of 13.6% compounded monthly. How much total interest will he pay?
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He can pay off up to $200 per month. The card has an annual rate of 13.6% compounded monthly. How much total interest will he pay?
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