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Mathematics, 12.01.2021 07:00 soccer816
You have just graduated from college and purchased a car for $8000. Your credit limit is $20,000. Assume that you make no payments and purchase nothing more and that there are no other fees. The monthly interest rate is 12%. Find the y-intercept for the exponential function which represents how much you will owe (represented by y) after x months with no more purchases or payments.
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