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Suppose you owe $500 on a credit card that charges you 1.6% interest on the amount you owe at the end of every month. assume that you do not pay off any of your debt and that you do not add any more debt other than the interest you are charged.
- Explain why you will owe
dollars at the end of N months.
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Mathematics for Elementary Teachers with Activities, Books a la carte edition (5th Edition)
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