Bridgette opened a store credit card to purchase a business suit for $463. she put the entire purchase on the credit card. her apr is 14.99% and the minimum payment is 5%. assuming she makes only minimum payments, what is the remaining balance on her card after 3 months? can someone me .

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Begin by computing the monthly interest rate like this:
Each month, we have to substract from $463 the monthly rate and the payment of 5%, which result in the following formula:

So, after three months, it ill remains $381.5 in Bridgette account. 
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