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Assume you are 22 years old when you graduate from the University of Arizona and have a credit card of $2,000 credit balance with an
Assume you are 22 years old when you graduate from the University of Arizona and have a credit card of $2,000 credit balance with an 18% annual rate. If you only make minimun payments of 2% of the balance or just $10 (whichever is greater) each month , what birthday will you likely be celebrating when the credit card is paid off?
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