Mathematics, 05.12.2019 17:31 phy75

Assume the monthly interest rate is 1/12 of the annual interest rate . you maintain an average balance of $450 on your credit card . which carries a 24% annual interest rate .

question= 1).what is the monthly interest payment .

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Assume the monthly interest rate is 1/12 of the annual interest rate . you maintain an average balan...