Last month, Kaitlin's average daily balance on her credit card was $1,950.77. The annual interest rate on that credit card is 17.09%. The minimum payment on that card is the interest charge ( | = B. •n) plus 2% of the ending balance or $25, which ever is larger. If there were 30 days in 365 that month and the ending balance was $2,606.18, what would be the balance on her credit card after she made that payment for that month? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 1289.65

Last month, Kaitlin's average daily balance on her credit card was $1,950.77. The annual interest rate on that credit card is 17.09%. The minimum payment on that card is the interest charge ( | = B. •n) plus 2% of the ending balance or $25, which ever is larger. If there were 30 days in 365 that month and the ending balance was $2,606.18, what would be the balance on her credit card after she made that payment for that month? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 1289.65

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.4: Series And Their Notations

Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...

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