Critical Thinking The minimum monthly paymentfor a certain bank credit card is the
Chapter 1, Problem 47(choose chapter or problem)
Critical Thinking The minimum monthly paymentfor a certain bank credit card is the larger of $5 orof the outstanding balance. If the balance isless than $5, then the entire balance is due. If youmake only the minimum payment each month,how long will it take to pay off a balance of $200(excluding any interest that might accrue)?
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