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Assume that you have a balance of $6000 on your Discover credit card and that you make no more charges. Assume that Discover charges

Assume that you have a balance of $6000 on your Discover credit card and that you make no more charges. Assume that Discover charges 30% APR and that each month you make only the minimum payment of 2.5% of the balance. What will the balance be after 8 years? (Round your answer to the nearest cent.) $ 6000

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