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Mathematics, 19.01.2021 06:00 gissellesolorza

You just obtained a credit card. You immediately purchase a digital camera for $160. Your credit limit is $4000. Let’s assume that you make no payments and purchase nothing more and there are no other fees. The monthly interest rate is 1.42%. What is the growth factor of your credit card balance?

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You just obtained a credit card. You immediately purchase a digital camera for $160. Your credit lim...
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