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Assume that you have a balance of $4900 on your Discover credit card and that you make no more charges. Assume that Discover charges 23%

Assume that you have a balance of $4900 on your Discover credit card and that you make no more charges. Assume that Discover charges 23% APR and that each month you make only the minimum payment of 2.1% of the balance.

What will the balance be after 10 years?

Enter your answer rounded to the nearest cent.

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