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You have a credit card with an APR of 2 8 % . The minimum payment is 1 2 % of the balance. Suppose you

You have a credit card with an APR of 28%. The minimum payment is 12% of the balance. Suppose you have a balance of $950. You decide to stop charging and make only the minimum payment. Complete the table. (Round your answers to the nearest cent.)
Previous
Balance Finance Charge
(+) Purchases
(+) Payments
(-) New
Balance
Month 1
0
Month 2
0

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