Suppose you run up a debt of 300 on a credit card that
Problem
Suppose you run up a debt of $300 on a credit card that charges an annual rate of 12 percent, compounded annually. How much will you owe at the end of two years? Assume no additional charges or payments are made.
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problemsuppose you run up a debt of 300 on a credit card that charges an annual rate of 12 percent compounded annually
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