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You have a credit card with an APR of 23%. The terms of your agreement say that your minimum payment is 3% of your balance
- You have a credit card with an APR of 23%. The terms of your agreement say that your minimum payment is 3% of your balance or $25, Whichever is greater." You rack up $740 in charges. How much is your minimum payment? (6.3)
a. $22.20
b. $25.00
c. $170.20
d. None of the above.
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