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  • Oct 21, 2009, 09:15 PM
    Nicholas Vitek
    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?
  • Oct 24, 2009, 08:36 AM
    stevetcg

    18% of $1000 ($180)

    Is that a trick question?

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