[-73 Points] DETAILS MY NOTES ASK YOUR TEACHER nearest cent.) PRACTICE ANOTHER You have a credit card with an APR of 36%, The card requires a minimum monthly payment of 5% of the balance. You have a balance of $7000, You stop charging and make only the minimum monthly payment. What is the balance on the card after five years? (Round your answer to the 7. [-/3 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER nearest cent.) You have a credit card with an APR of 27%. The card requires a minimum monthly payment of 8% of the balance. You have a balance of $6700. You stop charging and make only the minimum monthly payment. What is the balance on the card after fifty months? (Round your answer to the 8. [-/3 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $8000 on your MasterCard and that you make no more charges. Assume that MasterCard charges 12% APR and that each month you make only the minimum payment of 5% of the balance. Find a formula for the balance 8 after t monthly payments. (Enter numerical values to four decimal places.) Hint 1: You must write the formula as an equation, which means it should include an equal sign with variables and/or constants on both sides. The initial balance is entered in exact form. The product within the square brackets should be entered as a single number that is rounded to four decimal places. Hint 2: You are not required to use the symbol palette that appears on screen. You may use your keyboard to type +, -, and "(which is the keyboard version of the multiplication symbol). Hint 3: Type the ~ before the exponent or use the symbol palette to enter the exponent. Submit Answer MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 9. [-/3 Points] DETAILS You have a balance of $12,000 for your tuition on your American Express credit card. Assume that you make no more charges on the card. Also assume that American Express charges 21% APR and that each month you make only the minimum payment of 4% of the balance. What 1:30 AM