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Matthew Tyler's VISA balance is $1,791.72. He may pay it off in 12 equal end-of-month payments of $180 each. Click here to view factor tables. What interest rate is Matthew paying? (Round answer to 1 decimal place, e.g. 8.5%.) Interest rate eTextbook and Media % per month

Matthew Tyler's VISA balance is $1,791.72. He may pay it off in 12 equal end-of-month payments of $180 each. Click here to view factor tables. What interest rate is Matthew paying? (Round answer to 1 decimal place, e.g. 8.5%.) Interest rate eTextbook and Media % per month

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Matthew Tyler's VISA balance is $1,791.72. He may pay it off in 12 equal end-of-month payments of $180 each. Click here to view factor tables. What interest rate is Matthew paying? (Round answer to 1 decimal place, e.g. 8.5%.) Interest rate eTextbook and Media % per month
Transcribed Image Text:Matthew Tyler's VISA balance is $1,791.72. He may pay it off in 12 equal end-of-month payments of $180 each. Click here to view factor tables. What interest rate is Matthew paying? (Round answer to 1 decimal place, e.g. 8.5%.) Interest rate eTextbook and Media % per month
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