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Q3 Angela owes $8,487.74. She has made arrangements to repay the debt in installments of $284.98 per month, and will be charged monthly interest of
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Angela owes $8,487.74. She has made arrangements to repay the debt in installments of $284.98 per month, and will be charged monthly interest of 1.31% on the overdue balance. How many months will it take her to repay the debt and interest? Assume end-of-month payments. How many months will it take Angela to pay off the debt? months (Round to the nearest whole number.)Step by Step Solution
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