Asked by Help plis

A certain department store requires its credit-card customers to pay interest on unpaid bills at the rate of 18% per year compounded monthly. If a customer buys a television set for $500 on credit and makes no payments for one year, how much is owed at the end of the year? (Round your answer to the nearest cent.)
Answered by oobleck
500(1 + 0.18/12)^(12*1) = ____
There are no AI answers yet. The ability to request AI answers is coming soon!