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ans Assume that you have a balance of $ 3 0 0 0 on your MasterCard and that you make no more charges. Assume that

ans Assume that you have a balance of $

3000

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. At what balance do you begin making payments of $

20

or less?

(

Enter your answer rounded to the nearest whole number.

)

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