Mathematics, 16.10.2020 06:01 eev01

Check Your Understanding Lucas just received his credit card statement. He has a balance of $3,333.67. The Minimum
Payment Warning Box states that if he makes only the minimum payment of $35 per month, it will
take him 12 years and will pay a total of $6,472. If he makes a monthly payment of $116, it will take
3 years to pay off the balance and he will have paid a total of $4,193. What will be the percent
increase in total payments if Lucas only pays the minimum rather than $116 per month?

Answers: 1

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Check Your Understanding Lucas just received his credit card statement. He has a balance of $3,333....