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Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges 27%

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Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges 27% APR and that each month you make only the minimum payment of 3% of the balance. What will the balance be after 28 months? (Round your answer to the nearest cent.) $ x

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