How much will you owe at the end of two years, Microeconomics

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How much will you owe at the end of two years

Problem

Suppose you run up a debt of $300 on a credit card that charges an annual rate of 12 percent, compounded annually. How much will you owe at the end of two years? Assume no additional charges or payments are made.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much will you owe at the end of two years

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Microeconomics: How much will you owe at the end of two years

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