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? asked in Science & MathematicsMathematics · 2 weeks ago

Mathematics?

A student opens a credit card and immediately maxes it out by putting $2,000 on it in order to pay for their spring break trip. The credit card has an interest rate of 24.99%, and the interest is compounded monthly. If the student doesn’t make any payments for the first 9 months that they have the credit card, what will be the balance on the card rounded to the nearest penny?

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