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For Many Households, Repayment of High-Interest Debt Is an Important

Question 27

Multiple Choice

For many households, repayment of high-interest debt is an important financial goal. Using the following table, estimate the payments necessary to pay off $2,500 in credit card debt in two years at 15% APR. For many households, repayment of high-interest debt is an important financial goal. Using the following table, estimate the payments necessary to pay off $2,500 in credit card debt in two years at 15% APR. A) $113 B) $121 C) $226 D) $242


A) $113
B) $121
C) $226
D) $242

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