Suppose you owe 500 on your credit card and you decide to make no new purchases and to make the minimum monthly payment on the

Question

Suppose you owe 500 on your credit card and you decide to make no new purchases and to make the minimum monthly payment on the account Assuming that the interest rate on your card is 2 per month on the unpaid balance and that the minimum payment is 3 of the total balance plus interest your balance after t months is given by 8 t 500 0 9894 Find your balance at each of the given times Complete parts a through e below

Kunduz · Accepted Answer

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