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(Please use an finance equation and/ or formula rather than using a sheet chart, excel, or graph) You recently purchased a new Apple iphone for
(Please use an finance equation and/ or formula rather than using a sheet chart, excel, or graph)
You recently purchased a new Apple iphone for $999 paid for with a credit card that charges 20% interest rate. The minimum payment on the card is $25 per month. If you make the minimum monthly payment and have no other charges, how many additional months are required to pay off the charges?
45.23
35.88
47.55
38.44
41.84
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