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MC algo 5-37 Calculating Annuity Periods You have a credit card with a balance of $12,700 and an APR of 17.7 percent compounded monthly. You

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MC algo 5-37 Calculating Annuity Periods You have a credit card with a balance of $12,700 and an APR of 17.7 percent compounded monthly. You have been making monthly payments of $245 per month, but you have received a substantial raise and will increase your monthly payments to $295 per month. How many months quicker will you be able to pay off the account

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