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Home Q & A Board Science-Related Homework Help Mathematics
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gewusel gewusel
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6 years ago
Caprice buys a painting on his credit card for $14 990. She pays her credit card in full 3 days after the grace period of 11 days using her secured line of credit, which charges her prime plus 1%. She repays her loan in 168 days. The prime rate is 2.5% on the day of repayment of credit card loan and increases to 3% 90 days after that day. If her credit card company charges her a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the painting?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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3 years ago
Thank you your answer really helped
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