Part E
? Question
How would the situation change if the interest on Emma's credit card were...
Mathematics, 20.10.2021 14:00 janeekajones08
Part E
? Question
How would the situation change if the interest on Emma's credit card were compounded annually
rather than monthly, and she didn't make any payments toward the balance?
Select the correct answer from each drop-down menu.
After 4 years, Emma would owe approximately $ M for her original purchase of $300.
It would take around years for her balance to increase from $300 to $450.
Answers: 2
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