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Assume that you owe $10,000 on credit card debt and that you will pay off the debt with monthly payments. The interest rate on the
Assume that you owe $10,000 on credit card debt and that you will pay off the debt with monthly payments. The interest rate on the loan is 18%. Approximately how much longer (how many more months) will it take you to pay off the loan if you make monthly payments of $200 rather than $400?
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