A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bill of $18,459.26. If the company must make a minimum payment that is the greater of $500 or 4.5% of the credit card bill, what is the minimum monthly payment for May?
A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bill of $18,459.26. If the company must make a minimum payment that is the greater of $500 or 4.5% of the credit card bill, what is the minimum monthly payment for May?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card bill of $18,459.26. If the company must make a minimum payment that is the greater of $500 or 4.5% of the credit card bill, what is the minimum monthly payment for May?
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