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you have a balance of $3100on your MasterCard and that you make no more charges. Assume that MasterCard charges12% APRand that each month you make

you have a balance of $3100on your MasterCard and that you make no more charges. Assume that MasterCard charges12% APRand that each month you make only the minimum payment of6% of the balance.

What will the balance be after8years?

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