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Answer :
Answer:
Most credit card companies also apply a late payment penalty if you owe a balance and do not make a payment. Ignoring that fee, Miriam's balance will increase as:
B(n) = 750(1.018)^n
where B(n) is Miriam's balance after n months. The progression will be:
$750.00
$763.50
$777.24
$791.23
$805.48
Step-by-step explanation:
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