Q9

With only a part-time job and the need for a professional wardrobe, Rachel quickly maxed out her credit card the summer after graduation. With her first full-time paycheck in August, she vowed to pay

$200

each month toward paying down her

$7,095

outstanding balance and not to use the card. The card has an annual interest rate of

23

percent. How long will it take Rachel to pay for her wardrobe?

If Rachel continues to pay

$200

per month, it will take her

(blank)

months to pay for her wardrobe. (Round to the nearest month.)