The balance on Taylor's credit card is $2000. It has an interest rate of 12.5%. She wants to compare the difference between paying $75 and $100 of the monthly balance. How much does she save in interest and fees if she pays $100 instead of $75? Round to the nearest dollar. Enter your answer as a total in dollars, such as $134.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Checkpoint Lesson 14
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The balance on Taylor's credit card is $2000. It has an interest rate of 12.5%. She wants to compare the difference between
paying $75 and $100 of the monthly balance. How much does she save in interest and fees if she pays $100 instead of $75?
Round to the nearest dollar. Enter your answer as a total in dollars, such as $134.
á
Transcribed Image Text:The page will timeout in 5 minutes due to being idle. Checkpoint Lesson 14 Listen The balance on Taylor's credit card is $2000. It has an interest rate of 12.5%. She wants to compare the difference between paying $75 and $100 of the monthly balance. How much does she save in interest and fees if she pays $100 instead of $75? Round to the nearest dollar. Enter your answer as a total in dollars, such as $134. á
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