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Question 64 pts What is the balance on a credit card starting in month #5? You only pay the minimum payment each month. Initial carry-over

Question 64 pts What is the balance on a credit card starting in month #5? You only pay the minimum payment each month. Initial carry-over balance for month 1 = $943.85 APR = 26.2% Minimum payment rule = always 5.5% of card balance each month

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