Mathematics, 02.07.2020 20:01, bhuminaik532

Sujay maxed out his credit card at $5,000. The interest rate is 11.75%. Using an online calculator, Sujay determines that if he stops using the card and pays $400 per month for the next 14 months, he will pay off his debt. How much interest will Sujay have paid when his credit card balance is $0?

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Sujay maxed out his credit card at $5,000. The interest rate is 11.75%. Using an online calculator,...