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————-PLEASE HELP———— Oscar has a $2,500 balance on his credit card that accumulates 14.5% interest compounded annually. Which of the following could be used to find the balance …

————-PLEASE HELP———— Oscar has a $2,500 balance on his credit card that accumulates 14.5% interest compounded annually. Which of the following could be used to find the balance …
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12 votes
————-PLEASE HELP————

Oscar has a $2,500 balance on his credit card that accumulates 14.5% interest compounded annually. Which of the following could be used to find the balance on the card after 5 years?

asked
User Jordi Cruzado
by
8.7k points

1 Answer

2 votes

Answer:

35$

Explanation:

It will take 10 years and 11 months to payoff the balance. The total interest is $2,574.43

answered
User Kamil Lelonek
by
7.4k points
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