Mathematics, 04.06.2020 23:04 Mune4184

Jesse has a balance of $1200 on a credit card with an APR of 18.7%, compounded monthly. About how much will he save in interest over the
course of a year if he transfers his balance to a credit card with an APR of
12.5%, compounded monthly? (Assume that Jesse will make no payments or
new purchases during the year and ignore any possible late payment fees.)

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Jesse has a balance of $1200 on a credit card with an APR of 18.7%, compounded monthly. About how m...

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