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(3 marks) Many consumers carry a balance each month on their credit cards and make minimal payments toward their debt. Bridgette makes monthly (end-of-month) payments

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(3 marks) Many consumers carry a balance each month on their credit cards and make minimal payments toward their debt. Bridgette makes monthly (end-of-month) payments of $164.93 on her credit card and is being charged 30.85%, compounded daily interest. How much credit card debt does Bridgette have today? Suppose the credit card company amortizes the debt over 8 years

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