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Business, 26.02.2021 01:00 jen1164

You have just entered an MPP program and have decided to pay for your living expenses using a credit card that has no minimum monthly payment so you will not be making any payment while you pursue your education. You intend to charge $1500 per month on the card for the next 21 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 22 months from now, when you receive your first statement post-graduation

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