9. [-/1 Points] CRAUDQL3 4.4.024A. ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4000 on your MasterCard and that you make
9. [-/1 Points] CRAUDQL3 4.4.024A. ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4000 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. } 1o. [-11 Points] CRAUDQL3 4.4.0243. ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $2900 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 6% of the balance. What will the balance be after 26 months? (Round your answer to the nearest cent.) $ Pi 11. [-11 Points] ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $3800 on your credit card and that you make no more charges. Assume that the credit card charges 12% APR and that each month you make only the minimum payment of 6% of the balance. What is your 37th payment? (Round your answer to the nearest cent.) $
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