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Jill paid for a $1,200 vacation by using a credit card with an 18% interest rate. In order to pay the card off in 12 months, Jill will need to make payments of $110.02 each mont…

Jill paid for a $1,200 vacation by using a credit card with an 18% interest rate. In order to pay the card off in 12 months, Jill will need to make payments of $110.02 each mont…
asked 158k views
4 votes
Jill paid for a $1,200 vacation by using a credit

card with an 18% interest rate. In order to pay
the card off in 12 months, Jill will need to make
payments of $110.02 each month. Calculate the
total cost of repayment as well as the amount of
interest Jill will pay.

asked
User James Harrington
by
8.2k points

1 Answer

1 vote

Answer:$1,416

Step-by-step explanation: you add 18% of 1,200 to 1,200

answered
User Conrad Parker
by
7.6k points
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