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36 Thom owes $5,400 on his credit card. The credit card carries an APR of 17.5 percent compounded monthly. If Thom makes monthly payments of

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36 Thom owes $5,400 on his credit card. The credit card carries an APR of 17.5 percent compounded monthly. If Thom makes monthly payments of $180 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? 11.36 months 39.74 months 37.09 months 42.80 months 30.00 months

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