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Dennis Rodman has a $6000 debt balance on his Visa card that charges 13.3 percent compound monthly. Dennis current minimum monthly payment is 3 percent
Dennis Rodman has a $6000 debt balance on his Visa card that charges 13.3 percent compound monthly. Dennis current minimum monthly payment is 3 percent of his debt balance, which is $180. How many months(round up)will it take Dennis to pay off his credit card if he pays the current minimum payment of $180 at the end of each month?
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