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03.08 Debt Practice Test
MA500DLF FINANCIAL APPLICATIONS I-JOHN, A (TEACHER MASTER) / Debt
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6. Isha has a previous balance of $493 on a credit card with a 16.3% APR compounded monthly. If she made a payment of $50 this month, what is the new balance on her credit
card? (2 points)
O $443.00
O $449.70
O $523.36
O $573.36
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