asked 140k views
7 votes
The average credit card rate for new users is nearly 15%. Suppose you buy a $120 pair of shoes

using a brand-new credit card. If you are not able to make any payments on your credit card,
how much money will you owe 4 years after you purchased the shoes?

1 Answer

2 votes

Answer:

$480

Explanation:

answered
User Fuzzygoat
by
7.8k points

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