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13. (-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $5000 on your MasterCard and that you

13. (-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $5000 on your MasterCard and that you make no more charges. Assume that MasterCard charges 12% APR and that each month you make only the minimum payment of 5% of the balance. Find a formula for the balance B after t monthly payments. eBook

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