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What would be the minimum amount that she have to pay

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Problem - Using overdraft protection line - Grace Wang has an overdraft protection line. Assume that her October 2020 statement showed a latest (new) balance of $862. If the line had a minimum monthly payment requirement of 5 percent of the latest balance (rounded to the nearest $5 figure), what would be the minimum amount that she'd have to pay on her overdraft protection line?

Reference no: EM132695878

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