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A credit card currently has an outstanding balance of $ 3 , 0 0 0 in it . The bank charges 2 % interest every

A credit card currently has an outstanding balance of $3,000 in it. The bank charges 2% interest every month, and the cardholder pays the minimum payment of $50 per month. Let yn
be the balance after n months.
a. Find the difference equation and solve it.
b.Find the balance after 2 years, assuming no additional purchases.
c.When will the credit card balance be zero?

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