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Use the details of Paula's new credit card to answer the question that follows.
APR 1...
Mathematics, 08.04.2021 07:10 mkuhauluasong2020
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Use the details of Paula's new credit card to answer the question that follows.
APR 17.5% compounded monthly
Grace Period 30 days
Minimum Payment 6.5% of the remaining balance or $25, whichever is higher
Paula charged $475 to her credit card last month. What is the first minimum payment she must make? (4 points)
$47.50
$83.13
$25.00
$30.88
Answers: 1
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