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Suppose B is your credit card balance and m is your minimum monthly payment as a percentage of your balance. Then your minimum payment is

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Suppose B is your credit card balance and m is your minimum monthly payment as a percentage of your balance. Then your minimum payment is which of the following? O m/B O mB Om + B O B/m eBookponses/last?dep=24998758 14. [-/1 Points] DETAILS CRAUDQL3 4.4.022A. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You have a balance of $900 on your Visa credit card. Assume that you make no more charges on the card and that the card charges 9.6% APR and requires a minimum payment of 3% of the balance. Assume also that you make only the minimum payments. Find a formula for the balance B after t monthly payments. eBook 15. [-/1 Points] DETAILS CRAUDQL3 4.4.025A. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4000 on your Discover credit card and that you make no more charges. Assume that Discover charges 15% APR and that each month you make only the minimum payment of 2% of the balance. Find a formula for the remaining balance B after t monthly payments. eBook[-/1 Points] DETAILS CRAUDQL3 4.4.025B. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $3600 on your Discover credit card and that you make no more charges. Assume that Discover charges 21% APR and that each month you make only the minimum payment of 2.5% of the balance. On what balance do you begin making payments of $80 or less? eBook [-/1 Points] DETAILS CRAUDQL3 4.4.025C. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4900 on your Discover credit card and that you make no more charges. Assume that Discover charges 21% APR and that each month you make only the minimum payment of 2% of the balance. Find how many months it will take to bring the remaining balance down to $2500. (Round your answer to the nearest whole number.) months eBook

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