Multiple Choice
A bank credit card charges interest at the rate of 16% per year, compounded monthly.If a senior in college charges her last tuition bill of $1,700 and intends to pay it in one year, what will she have to
Pay?
A) $2,101.29
B) $1,722.67
C) $1,915.60
D) $1,993.38
E) $1,992.86
Correct Answer:
Verified
Correct Answer:
Verified
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