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How do I calculate this? Phillip Icard's account of $105 has been past due for 3 months. According to the office procedures manual after 90

How do I calculate this? Phillip Icard's account of $105 has been past due for 3 months. According to the office procedures manual after 90 days a 2% service charge compounded monthly is added to future bills. Meaning this 2% charge will be calculated on the new monthly balance each month. What will be the amount owed after 3 months

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