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You have a $7,750 balance on a credit card with an APR of 15.99%, with monthly compounding. Assuming you make the minimum payment of $150

You have a $7,750 balance on a credit card with an APR of 15.99%, with monthly compounding. Assuming you make the minimum payment of $150 every month, how much will you end up paying back (the answer is positive)?

*PLEASE EXPLAIN*

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