Power of compounding interest to pay for a future expense

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Reference no: EM13167593

"Financial Management" Please respond to the following:

Explain the three methods for calculating credit card interest and your reason for going with a particular method.

Provide an example of how you can use the power of compounding interest to pay for a future expense.

Discuss which practical application covered in the chapter you think you will use within the next year and how you think studying this topic will help you make wise financial choices in the future.

Reference no: EM13167593

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