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Mathematics, 31.07.2019 22:20 jay5134

Acredit card company determines a card holder's minimum monthly payment by adding all new interest to 1.5% of the outstanding principal. the credit card company charges an interest rate of 0.05939% per day. on novermber 19, a customer used his credit card to pay for the following business expenses: van repairs ($772), equipment maintenance ($352), office supplies ($55), and dinner with clients ($186). use the given information and the rule that minimum payments are rounded up to the nearest dollar to answer parts a and b below. a. assuming the card holder had no new interest, determine his minimum payment due on december 1, his billing date.

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