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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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