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5. You have a $50,000 balance on your credit card, and you have set your checking account for monthly payments of $1,000. The monthly interest

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5. You have a $50,000 balance on your credit card, and you have set your checking account for monthly payments of $1,000. The monthly interest rate is 1.5%. How many years until you have paid off your debt? What if your balance is $70,000

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