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How do credit card companies use calculus?

In particular, how do they use calculus to determine the minimum payment due on credit card statements?

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    author

    Rissa
    Posted 2 years ago

    The minimum payment is just 3% of the balance.

      author

      Cbrivera0217
      Posted 2 years ago

      Not all credit card companies are the same legally a Credit Card Company can offer 1-4% as a monthly installment.

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