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Cheng has accumulated $5,453 in debt on his credit card. The card has an APR of 23.77%. Cheng is creating a plan to become debt-free.
Cheng has accumulated $5,453 in debt on his credit card. The card has an APR of 23.77%. 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 5 years. Use Excel to compute Cheng's monthly payment
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