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Rachel has a new credit card with an APR of 1 1 . 9 9 % and a credit limit of $ 1 8 0
Rachel has a new credit card with an APR of and a credit limit of $ The minimum monthly payment is of the new balance. If Rachel purchases $ in camping supplies at the beginning of the month, what will be Rachel's minimum payment at the end of the month?
Express your answer rounded to the nearest cent.
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