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8. Jan has a $2,000 balance on her credit card that charges a 16% annual interest rate, compounded quarterly. Her monthly pay- ment is waived

8. Jan has a $2,000 balance on her credit card that charges a 16% annual interest rate, compounded quarterly. Her monthly pay- ment is waived for three years. Her balance after t years is given by A(t) = 2,000(1.04) #t 0

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