A credit card charges interest at a rate of $21 \%$ per year, compounded monthly. If a senior in college charges her last tuition bill of $\$ 4500$ nd intends to pay it 3 years later (after she gets a high-paying engineering job), how much will she have to pay? $\$$ $\underline{\quad\quad}$

Question

A credit card charges interest at a rate of

21 \%

per year, compounded monthly. If a senior in college charges her last tuition bill of

\$ 4500

nd intends to pay it 3 years later (after she gets a high-paying engineering job), how much will she have to pay?

\$

\underline{\quad\quad}

Quizplus · Accepted Answer

The Answer of A credit card charges interest at a rate of $21 \%$ per year, compounded monthly. If a senior in college charges her last tuition bill of $\$ 4500$ nd intends to pay it 3 years later (after she gets a high-paying engineering job), how much will she have to pay? $\$$$\underline{\quad\quad}$

A Credit Card Charges Interest at a Rate Of 21%21 \%21%

A Credit Card Charges Interest at a Rate Of $21 \%$