Mathematics, 12.05.2021 05:40 keidyhernandezm
Shiing Shen Chern's credit card company determines his minimum monthly payment by adding all new interest to 1% of the outstanding principal. The credit card company charges an interest rate of 0.040351% per day. On March 16, Shiing uses his credit card to purchase airline tickets for his family for $2300. He makes no other purchases during March. Use the given information and the rule that minimum payments are rounded up to the nearest dollar to answer parts a and b below.
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Shiing Shen Chern's credit card company determines his minimum monthly payment by adding all new in...
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