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Determine how long will take to pay off the balance

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Question 1. If the person with the Account Statement given only pays the minimum payment on the balance, how long will it take to pay off the balance?

Question 2. If the person only pays the minimum payment on the balance, how much will she pay in interest (subtract the total amount she would pay minus the original balance)?

Question 3. What is the late fee if the minimum payment is not paid on time? What would happen to the APR?

Reference no: EM132625335

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