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Calculating credit card debt using a geometric series
A man gets a credit card and buys something that charges exactly 800 dollars to the card. The APR on the card is 18 % compounded monthly, and the minimum payment is 15 dollars a month. What is the expression for A(n), the balance on the card after n months? (This should be a geometric series)...- rosemary1234
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- Credit card Debt Geometric Geometric series Series
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- Forum: Precalculus Mathematics Homework Help