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Please help me with this! Thank you. 6. Use Larry's Minimum Payment Summary to answer the statements that follow. Larry's Minimum Payment Summary Card Card

Please help me with this! Thank you.

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6. Use Larry's Minimum Payment Summary to answer the statements that follow. Larry's Minimum Payment Summary Card Card Card Month A(18% B(20% c(24% APR) APR) APR) $62.57 $151.76 $181.74 $396.07 $60.94 $147.97 $176.51 $385.42 $58.72 $143.65 $171.14 $373.51 $56.43 $139.38 $166.58 $362.39 Total Monthly Payment #wNH Larry has been paying the minimum balance on his three credit cards each month. He has outlined the minimum payments for the next four months. He decides to snowball his debt alter Month 1 according to the interest rate instead of paying the minimum payment. Part 1 (2 points): Explain, using complete sentences, how the total monthly payment will change for each month. Part 2 (2 points): Explain, using complete sentences, how the payments for each credit card will change for each month. (4 points)

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