You have credit card debt of 37 500 that has an apr monthly, Ask an Expert

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You have credit card debt of $37, 500 that has an APR (monthly compounding) of 18% Each month you pay the minimum monthly payment You are required to pay only the outstanding interest You have received an offer in the mail for an otherwise identical credit card <

You can borrow $ on the new card without changing the minimum monthly payment you will be required to pay.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320468

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