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14) Jake owes $3,990 on a credit card with an APR of 13.9 percent. How many months will it take him to pay off this

14) Jake owes $3,990 on a credit card with an APR of 13.9 percent. How many months will it take him to pay off this balance if he makes monthly payments of $97.02? Assume he does not charge any further purchases.

A) 52.18 B) 54.18 C) 56.18 D) 58.18 E) 60.18

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