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Q. 5 ( 3 marks) You have a balance of $3800 on your credit card and you make no further charges. Assuming that your APR

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Q. 5 ( 3 marks) You have a balance of $3800 on your credit card and you make no further charges. Assuming that your APR is 18.9% and that each month you make only the minimum payment of 5% of your bulance, determine when the balance first drops below $100

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