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Home > Money & Services > Credit   »   Consumers, Savers, And Investors

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Old Oct 21, 2009, 09:15 PM
Nicholas Vitek
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Consumers, Savers, And Investors
Suppose your average unpaid balance is 1,000 dollars a month and your credit card's interest rate is 18 percent. What would be your total interest expense for the year?

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Old Oct 24, 2009, 08:36 AM   #2  
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18% of $1000 ($180)

Is that a trick question?
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