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In 2012, the average credit-card debt per U.S. household was $15,374. Assume your debt is consolidated to one card, you make a payment of $5000

In 2012, the average credit-card debt per U.S. household was $15,374. Assume your debt is consolidated to one card, you make a payment of $5000 on Jan. 2nd, and your card has an APR of 1.5% a month. Determine the minimum payment for January, due in February, if you do not make additional purchases.

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