Mathematics, 25.11.2021 14:40 alvaradolm9723

There is a $1500 carry-over balance on a credit card with a 19.99% APR and a minimum payment of 6% of the new balance each month. Assume only the minimum payment is made and no additional payments are made each month. What is the finance charge this first month?

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There is a $1500 carry-over balance on a credit card with a 19.99% APR and a minimum payment of 6% o...