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4. You have a balance of $4000 on your credit card, and you make no more charges. Assume that the card requires a minimum payment

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4. You have a balance of $4000 on your credit card, and you make no more charges. Assume that the card requires a minimum payment of 5% and carries an APR of 22.8%. Assume also that you make only the minimum payments. Determine when the balance drops below $200. Solve using logarithms (see chapter 3)

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