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Assume that you have a balance of $3000 on your Discover credit card and that you make no more charges. Assume that Discover charges 15% APR and that each month

you make only the minimum payment of 2% of the balance. Find a formula for the remaining balance B after t monthly payments. Assume that you have a balance of $2400 on your Discover credit card and that you make no more charges. Assume thatDiscover charges 18% APR and that each month you make only the minimum payment of 2.5% of the balance. On what balance do you begin making payments of $40 or less? Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges 21% APR and that each month you make only the minimum payment of 2% of the balance. Find how many months it will take to bring the remaining balance down to $2500. (Round your answer to the nearest whole number.)

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