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  3. you have a balance of 5000 with a minimal payment...

Question: you have a balance of 5000 with a minimal payment...

Question details
YOU HAVE A BALANCE OF $5,000 WITH A MINIMAL PAYMENT OF $50, WITH PAYING AN INTEREST OF 10%, WHEN WILL YOU PAY IT OFF?

CHOICES OF INTEREST:
•Simple Interest Rate
•Quarterly Interest Rate
•Monthly Interest Payment
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