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Assume that you have a balance of $2900 on your Discover credit card and that...

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Finance

Assume that you have a balance of $2900 on your Discover credit card and that you make no more charges. Assume that Discover charges 21% APR and that each month you make only the minimum payment of 2.0% of the balance. On what balance do you begin making payments of $40 or less?

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