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Bucky Bavasi just bought a new TV that cost $1,500. He plans to finance the purchase with his new credit card which has an 18%
Bucky Bavasi just bought a new TV that cost $1,500. He plans to finance the purchase with his new credit card which has an 18% nominal interest rate. The minimum payment on the card is $24.16 per month. If he makes the minimum payment and makes no other charges, how many months will it take before he pays off the card?
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