DEBBIE TAKES HER FAMILY OUT TO EAT EVERY OTHER SATURDAY AN D PUTS THE CHARGE...
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Accounting
DEBBIE TAKES HER FAMILY OUT TO EAT EVERY OTHER SATURDAY AN D PUTS THE CHARGE OF $100 ON HER CREDIT CARD HER CREDIT CARD INTEREST IS 20% BASED ON HER CREDIT SCORE RATING OF PRIME. FOR JUST ONE YEAR OF SPENDING $100 ON DINNER EVERY OTHER SATURDAY HOW MUCH WOULD DEBBIE PAY IN INTEREST FOR HER CREDIT CARD BALANCE IF SHE PAYS THE MINIMUM PAYMENT OF $48 PER MONTH ? AND HOW LONG WOULD IT TAKE DEBBIE TO PAY OFF THE DEBT? IF SHE HAD THE BETTER CREDIT SCORING RATING OF SUPERPRIME HER INTEREST RATE WOULD BE LOWERED TO 18%. WITH THIS CHANGE HOW MUCH INTEREST WOULD SHE PAY? AND HOW LONG WOULD IT TAKE TO PAY OFF THIS DEBT ?
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