MC algo 6-36 Calculating Annuity Periods 6 Thom owes $8,000 on his credit card. The credit card carries an APR of 18.8 percent compounded monthly. If Thom makes monthly payments of $245 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? 1 points O X 00:53:44 Multiple Choice 49.64 months 32.65 months 46.09 months O 43.02 months 11.41 months