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You have a balance of $2000 on your Visa credit card. Assume that you make no more charges on the card and that the card

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You have a balance of $2000 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

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