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  2. Topic
    Mathematics
  3. Study Set
    Finite Mathematics for Business Economics
  4. Exam
    Exam 3: Mathematics of Finance
  5. Question
    Solve the Problem
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Solve the Problem

Question 3

Question 3

Multiple Choice

Solve the problem. Assume that the minimum payment on a credit card is the greater of $27 or 3% of the unpaid balance:
-Find the minimum payment on an unpaid balance of $769.52.


A) $28.09
B) $23.09
C) $230.86
D) $27.00

Correct Answer:

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