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    If You Have a $600 Balance on a Credit Card
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If You Have a $600 Balance on a Credit Card

Question 94

Question 94

Multiple Choice

If you have a $600 balance on a credit card that charges 17% interest compounded monthly, how
Long will it take that amount to reach $3,000 if you don't make any payments?


A) 9.53 years
B) 10.25 years
C) 114.41 years
D) 0.85 years

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