You owe $7200 on a credit card, your company says the minimum payment is 3% of what you owe. What is your minimum payment?
You owe $7200 on a credit card, your company says the minimum payment is 3% of what you owe. What is your minimum payment?
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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You owe $7200 on a credit card, your company says the minimum payment is 3% of what you owe. What is your minimum payment?
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