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You have a credit card on which, in September, you charged $400. The interest rate on your card is 18% annually. Your credit card says
You have a credit card on which, in September, you charged $400. The interest rate on your card is 18% annually. Your credit card says its minimum payment is 10% of the balance or $20, whatever is larger. What is the minimum payment for October, the first payment due on the $400? Remember your grace period!
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