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Someone help me with this interest rate question (details inside)
Asked by Mama_Cakes (11160)
March 26th, 2012
If a school course is $450.
A service charge of 1.5%, annualized at 19.56%, is added to accounts not paid by their due date, at each month end.
How much would you owe if you paid for the course at the end of month (late payment)?
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