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Please help!! Thanks in advance! Mike has a credit card balance of $30,000. The annual interest rate is 17%. He is required to pay a
Please help!! Thanks in advance! 
Mike has a credit card balance of $30,000. The annual interest rate is 17%. He is required to pay a minimum of 4% of the outstanding balance, but never less than $50. If Mike wants to pay off the balance in 9 years, how much extra must He pay every month? A: $25.00 B) 104.05 C) 201.43 D) $134.39 Step by Step Solution
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McMillan On Options
Authors: Lawrence G. McMillan
2nd Edition
0471678759, 978-0471678755
