Question: 7. (0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES PRACTICE ANOTHER Assume that you have a balance of $4500 on your Discover credit card and that

7. (0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES PRACTICE ANOTHER Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges 27%. APR and that each month you make only the minimum payment of 2.5% of the balance. What will the balance be after 32 months? (Round your answer to the nearest cent.) $4153.61 X 11. 0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES PRACTICE ANOTHER Assume that you have a balance of $7000 on your Discover credit card and that you make no more charges, Assume that Discover charges 154 APR and that each month you make only the minimum payment of 2% of the balance. Find a formula for the remaining balance after monthly payments. B=7000-0.993 X ook 12. [-/1 Points) DETAILS MY NOTES PRACTICE ANOTHER Assume that you have a balance of 2700 on your Discover credit card and that you make no more charges. Assume that Discover charges 27. APR and that each month you make only the minimum payment of 2.0% of the balance on what balance do you begin making payments of $50 or less? 5 book 0 10 A # 3 $ 4 % 5. & 7 2 6 8

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