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Your friend must make a $ 1 , 0 0 0 charge on his credit card to pay for car repairs and can only make
Your friend must make a $ charge on his credit card to pay for car repairs and can only make the minimum payment for the next months. Assume an APR of and a required minimum payment of What will the balance be at the start of month Round your answer to the nearest cent. Remember, a finance charge is only applied to a carryover balance!
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