25ngodfrey 25ngodfrey

09-05-2024
Mathematics

Answered

Gail has $5,500 in credit card debt, but she is low on funds right now because she is temporarily working fewer hours at work. She decides to wait until she is in a better financial place and makes no payments on the card for 6 months. Her APR is 20% compounded daily. How much will Gail’s credit card balance be in 6 months?

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