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8 December, 19:09

The minimum monthly payment for Anita's credit card is 2% of her balance or $10 which ever is higher if I need is balance at the end of her last billing cycle was $360 what is her minimum monthly payment

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  1. 8 December, 19:30
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    balance = $360

    2% of balance = 0.02*360 = 7.20

    Since $10 is larger than $7.20, this means the min monthly payment is $10

    Answer: 10
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