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Francisco's credit card has an APR of 13%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. His credit card record for the last 7 months is shown in the table below. http://media.apexlearning.com/Images/201006/20/49e4e91a-1010-40bb-9780-e9f7c512645d.GIF How much of the $5200 charge that Francisco made during the first month has been paid off?

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spraguer (Moderator)
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