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Number of Annuity Payments ? Phoebe realizes that she has charged too much on her credit card and has racked up $6,000 in debt. If
Number of Annuity Payments? Phoebe realizes that she has charged too much on her credit card and has racked up $6,000 in debt. If she can pay $200 each month and the card charges 18 percent APR (compounded monthly), how long will it take her to pay off the debt? Show how you found your answer.
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