Mathematics, 30.10.2020 20:40, 20alyssityh224
You buy a new pair of boots that cost $300 on your credit card that has an annual interest rate of 24.99%. You plan to pay the bill in 6 months. If the account compounds monthly, how much will you owe when you pay the lump sum in 6 months? Assume the account does not require a minimum monthly payment and you can pay all at once in 6 months. Round your answer to two decimal places and do not include the dollar sign.
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