May currently has a balance of $1,817.43 on her credit card. If she must make a minimum monthly payment of 3.44% of her total balance, what is her minimum payment, to the nearest cent?

Convert 3.44% to a decimal: 0.0344. Multiply $1,817.43 by 0.0344 to get $62.519592, which rounds to $62.52 to the nearest cent. The correct choice is $62.52.

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