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Joey realizes that he has charged too much on his credit card and has racked up $4,700 in debt. If he can pay $150 each
Joey realizes that he has charged too much on his credit card and has racked up $4,700 in debt. If he can pay $150 each month and the card charges 12 percent APR (compounded monthly), how long will it take him to pay off the debt?
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Answer should be in number of months.
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