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Cheng has accumulated $ 2 , 0 1 5 in debt on his credit card. The card has an APR of 2 0 . 6

Cheng has accumulated $2,015 in debt on his credit card. The card has an APR of 20.66 percent. Cheng is creating a plan to become debt-free. He wants to know how much he should pay each month to pay off his credit card in 6 years.
Use Excel to compute Cheng's monthly payment.

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