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suposeyou own $800 on your credit card ans yiu dexide yo make no new purchases and to make the minimum monthly payment on the account
suposeyou own $800 on your credit card ans yiu dexide yo make no new purchases and to make the minimum monthly payment on the account Assyming that the interest rate on your card is 1% per month on the unpaid balance and that tge minimum payment is 2% of the total (balance plus interest) your balance after t months is given by B(t)=800(0.9898^t) find your balnce at each of the given times.
(a) six months After six months, the balance is $ (Round to the nearest cent as needed.) (b) one year (remember that t is in months) After one year, the balance is $ (Round to the nearest cent as needed.) (c) seven years After seven years, the balance is $ (Round to the nearest cent as needed.) (d) nine years After nine years, the balance is $ (Round to the nearest cent as needed.) (e) On the basis of your answers to parts (a)-(d), what advice would you give O A. The minimum payment minimizes the short-term cost and maximizes Ole of your top havice would you give to your friends bom para O The innere mot de long term could be to pay or the payment is dere short cost O The payments at the cost and maxime into cont. I would be able to pay more than the minimum morty patre poblete decreases.com Ocean the shortcome more the pay more than mantiene este con The moremo delong benly the momento de rect Step by Step Solution
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