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A career counselor decides to make monthly payments of $150 on credit card debt of $3489.64 and discontinue using the credit card. Assuming the annual
A career counselor decides to make monthly payments of $150 on credit card debt of $3489.64 and discontinue using the credit card.
- Assuming the annual interest rate is 22.2%, how many months will it take her to repay the debt? Round to the next month.
- How many fewer months would it take to repay the debt if the counselor makes monthly payments of $200. Round to the next month.
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ISE Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders Professor, Marcia Millon Cornett, Otgo Erhemjamts
10th International Edition
1260571475, 9781260571479
