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10 questions from this quiz
Monthly financial documents from stores
Maximum amount you can owe the store
Minimum amount you must pay each month
Opening+Purchases−Payments\text{Opening}+\text{Purchases}-\text{Payments}Opening+Purchases−Payments
Credit Limit−Amount Owed\text{Credit Limit}-\text{Amount Owed}Credit Limit−Amount Owed
Divide by 1.141.141.14
2.75%2.75\%2.75%
R742.37
Confusing credit limit with credit available
They compound - you pay interest on interest
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