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SHOW WORK AND STEPS ON EXCEL SHOW WORK AND STEPS ON EXCEL Exercise 3.17. Assume that you have a balance of $9520 on your Master-

SHOW WORK AND STEPS ON EXCEL
SHOW WORK AND STEPS ON EXCEL
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Exercise 3.17. Assume that you have a balance of $9520 on your Master- Card and that you make no more charges. Assume that this card charges 19.99% APR and that each month you make only the minimum payment of 4% of the balance. 1. What will the balance be after 30 months? 2. What will the balance be after 10 years? 3. If you pay an extra $200 each month, how long will it take you to pay off the card

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