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Many credit card companies charge a compound interest rate of 1.8% permonth on a credit...

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Basic Math

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Many credit card companies charge a compound interest rate of 1.8% permonth on a credit card balance. Miriam owes $550 on a credit card. If shemakes no purchases or payments, she will go more and more into debt.Which of the following sequences describes her increasing monthly balance?OA. 550.00, 559.35, 568.86, 578.53, 588.36,...B. 550.00, 559.90, 569.80, 579.70, 589.60,...OC. 550.00, 649.00, 765.82, 903.67, 1,066.33, ...D. 550.00, 550.99, 551.98, 552.98, 553.97,...E. 550.00, 559.90, 569.98, 580.24, 590.68, ...

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