Credit card cycle Beginning balance is $2000. Annual rate is 24%. Purchases are $145. Minimum payment is $100. Determine the ending balance.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Credit card cycle Beginning balance is $2000. Annual rate is 24%. Purchases are $145. Minimum payment is $100. Determine the ending balance.

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