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Mathematics 16 Online
OpenStudy (anonymous):

Cici purchased $2000 worth of merchandise with her credit card this past month. Then she was unexpectedly laid off her job. She decided to make no more purchases with the card and to make only the minimum payment of $40 each month. Her annual interest is %18, compounded monthly. Find the balance on the credit card over the next six months, When will Cici pay off the total balance, on her credit card, and What is the total amount paid for the $2000 worth of merchandise?

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