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Joey has an outstanding credit card balance of $47,634 carrying an APR finance rate of 13.3% (note interest will be compounded monthly) and requiring minimum
"Joey has an outstanding credit card balance of $47,634 carrying an APR finance rate of 13.3% (note interest will be compounded monthly) and requiring minimum monthly payments of $870 per month - If only the minimum monthly payment is made, how many months will it take to completely pay off this credit card balance (assuming no new charges)?" 86.5 84.7 54.8 96.0 74.8 62.0 85.8
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