Question: Chapter 6 Financial Planning Exercise 6 Using overdraft protection line Grace Wang has an overdraft protection line. Assume that her October 2020 statement showed a

Chapter 6 Financial Planning Exercise 6 Using overdraft protection line Grace Wang has an overdraft protection line. Assume that her October 2020 statement showed a latest (new) balance of $557. If the line had a minimum monthly payment requirement of 7 percent of the latest balance, then what would be the minimum amount she'd have to pay on her overdraft protection line? Round your answer to the nearest $5 figure. $

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