A bank credit card charges interest at the rate of 13% per year, compounded monthly. If a senior in college charges her last tuition bill of $1,100 and intends to pay it in one year, what will she have to pay? Round to the nearest cent.
?
A. $1,251.90
B. $1,265.40
C. $1,251.84
D. $1,111.92
E. $1,239.51
Answer: C
Mathematics
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