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You spend too much on your credit card and max it out. You have a credit limit of $5,000. The credit card has an annual APR of 12.5% compounded monthly. You don't want to be accruing interest for too long, so you plan on paying off your credit card in 5 years.

What kind of interest is this?


Sagot :

Answer:

APR credit card deal

Step-by-step explanation:

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