You have just entered college and have decided to pay for your living expenses using...
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Finance
You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $900 per month on the card for the next 45 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 46 months from now, when you receive your first statement post-graduation? After 45 months you will owe $ (Round to the nearest cent.)
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