What is the APR on a credit card if you make a minimum monthly payment of $25 and pay off your loan of $2,000 within 10 years? 0.72% 5.08% 5.25% 8.69%
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To calculate the total amount paid, we can use the formula: Total amount paid = Monthly payment * Number of months Total amount paid = $25 * 12 months/year * 10 years Total amount paid = $25 * 120 Total amount paid = $3,000 Show more…
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