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The Kirkland family is buying a new living room set that costs $1,295. They are going to use their credit card that has an annual interest rate of 22%. If they pay off the furni…

The Kirkland family is buying a new living room set that costs $1,295. They are going to use their credit card that has an annual interest rate of 22%. If they pay off the furni…
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2 votes
The Kirkland family is buying a new living room set that costs $1,295.

They are going to use their credit card that has an annual interest rate of 22%. If they pay off the furniture in 2 years, how much interest would they pay?

asked
User Ni Xiaoni
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8.6k points

1 Answer

2 votes
You would pay 44% interest being $569.80
answered
User DecentGradient
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8.4k points
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