A credit card company charges an effective interest rate of 18%. If Claude's current balance is $5000

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A credit card company charges an effective interest rate of 18%. If Claude's current balance is $5000 and she makes the minimum payment of $150 at the beginning of each month, calculate the number of payments that she will have to make to settle the debt.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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