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Assume that you start with a balance of $3900 on your credit card. During the first month, you charge $500, and during the second month,
Assume that you start with a balance of $3900 on your credit card. During the first month, you charge $500, and during the second month, you charge $550. Assume that your credit card charges a 28% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table. (Round your answers to the nearest cent.)
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