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Scenario D: Six months later your credit card is carrying a balance of $500. You decide that you want a new TV from Target for

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Scenario D: Six months later your credit card is carrying a balance of $500. You decide that you want a new TV from Target for $350 and also charge that to your credit card. Since you continuously carried a balance, your credit card company upped your APR from 19.5% to 21%. Assume you do not charge anything extra to your card. 16. What is your starting balance? 17. What is the minimum payment you must make

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