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You have a balance of $4,500 on your credit card. The interest rate is 12% (1% per month). The late payment fee is $40. You miss a payment. What are your fees plus interest for the month?

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Answer:

multiplying 4500 by .01. This gave me $45 as in interest. Then I added the payment fee, $40. 40+45 is 85,

Step-by-step explanation:

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