D) 7500(1.06094)
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You have a balance of $7500 on your credit card and you make no further charges. If
your APR is 12.5% and each month you make only the minimum payment of 5% of
your balance, then find a formula for the balance after
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monthly payments.
A) 7500(0.959896)
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B) 7500(0.940104)
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C) 7500(1.03906)
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D) 7500(1.06094)
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1 answer
1 answer