Question: MY NOTES PRACTICE ANOTHER ASK YOUR TEACHER PREVIOUS ANSWERS 10/3 Points) DETAILS You have a credit card with an APR of 36%. The card requires

MY NOTES PRACTICE ANOTHER ASK YOUR TEACHER PREVIOUS ANSWERS 10/3 Points) DETAILS 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 $500. You stop charging and make only the minimum monthly payment. What is the balance on the card after seven years? (Round your answer to the nearest cent.) $ 20965 Show My Work Optionen 7. [-/3 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 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 $2900. You stop charging and make only the minimum monthly payment. What is the balance on the card after fifty-seven months? (Round your answer to the nearest cent.) 5

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