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You owe $958.62 on a credit card at a 9.7% APR. The minimum payment is $105.00. How much goes toward...
4 months ago
Q:
You owe $958.62 on a credit card at a 9.7% APR. The minimum payment is $105.00. How much goes toward principal if you make the minimum payment at the end of the first month?$105.79$97.25$105.72$101.16
Accepted Solution
A:
Answer:97.25Step-by-step explanation:958.62 x 9.7%/12 = 7.75 interest105 - 7.75 = 97.25