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Business, 15.04.2021 15:50 Kurlyash

Jeff has a balance of $4217.44 on his credit card. He would like to pay off his card over the course of a year and a half by making identical monthly payments. The APR on his card is 10.66%, compounded monthly. Assuming that Jeff makes no additional purchases with his card, how much will he have to pay every month to reach his goal

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