You owe $3,000 on your credit card with a 24% APR. What would be the minimum payment amount if your credit card company requires at least 5% each month? Be sure to show your work

At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?