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18. Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges

18. Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges 21% APR and that each month you make only the minimum payment of 2% of the balance. What will the balance be after 8 years? (Round your answer to the nearest cent.) $1

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