Mathematics, 07.02.2022 14:40 diyagawande

Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest rate. You maintain an average balance of $960 on your credit card, which carries a 15% annual interest rate.
The monthly interest payment is $
(Type an integer or a decimal.)

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Find the monthly interest payment in the situation described below. Assume that the monthly interest...