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You finance a $500 car repair completely on credit, you will just pay the minimum payment each month for the next three months.The APR is

You finance a $500 car repair completely on credit, you will just pay the minimum payment each month for the next three months.The APR is 18.99% and the minimum payment each month is 4% of the balance.Determine the finance charge, new balance, and minimum payment required for each of the next two months,

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