Mathematics, 05.02.2021 02:00, vetterk1400

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?

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