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Consider a credit card with an APR of 15.99% and a minimum payment each month of 3% of the new balance. The beginning balance is
Consider a credit card with an APR of 15.99% and a minimum payment each month of 3% of the new balance. The beginning balance is $650 and no additional charges are made during the next three months and only the minimum payment is made each month. Given the table below, how much does the starting balance decrease after these three payments?
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