Assume that you have a balance of $4100 on your discover credit card and that you make

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Assume that you have a balance of $4100 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.

On what balance do you begin making payments of $80 or less?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Posted Date: Feb 23, 2024 04:48 AM

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Assume that you have a balance of $4100 on your discover credit card and that you make

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Fundamentals of Engineering Economics

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