Sam Z. answered • 10/16/19
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Use the formula I gave you earlier. You'll get 63.12 months/$350; for a steady $350.
Genesis P.
asked • 10/16/19APR minimum Payment
You have a credit card with an APR of 36%. The card requires a minimum monthly payment of 5% of the balance. You have a balance of $7000. You stop charging and make only the minimum monthly payment. What is the balance on the card after eight years? (Round your answer to the nearest cent.)
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