Search 7. (-/3 Points DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You have a credit card with an APR of 2%. The card requires a minimum monthly payment of of the balance. You have a balance of $7500. You stop charging and make only the minimum monthly payment. What is the balance on the card after fifty months? (Round your answer to the nearest cent.) $ Show My Work 8. [-/3 points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4000 on your MasterCard and that you make no more charges. Assume that MasterCard charges 124 APR and that each month you make only the minimum payment of 5% of the balance Find a formula for the balance after t monthly payments. (Enter numerical values to four decimal places.) Hint: You must write the formula as an equation, which means it should include an equal sign with variables and/or constants on both sides. The initial balance is entered in exact form. The product within the square brackets should be entered as a single number that is rounded to four decimal places Mint 2: Type the before the exponent or use the symbol palette to enter the export