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Sheldon owes $3,000 on his credit card. He is not charging any additional purchases because he wants to pay this debt in full. The card
Sheldon owes $3,000 on his credit card. He is not charging any additional purchases because he wants to pay this debt in full. The card has an APR of 18.8 percent. How long will it take Sheldon to pay off his balance if he makes monthly payments of $70? Approximately 4 years Approximately 6 years None of the answers is correct 92.8 months 71.6 years
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
