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Your holiday ski vacation was great, but it unfortunately ran a bit over budget. As a result, you have a $ 5 , 0 0

Your holiday ski vacation was great, but it
unfortunately ran a bit over budget. As a result, you
have a $5,000 balance on your current credit card,
which charges an APR of 18.9 percent. If you plan to
make the minimum monthly payment of $30, what is
the balance when you pay off the balance 4 years
from today (from your first year salary)?

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