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Suppose your credit card balance is $ 15,500 . The minimum payment is $ 359 , and the annual percentage rate is 20.9 %. a.

Suppose your credit card balance is $15,500. The minimum payment is $359, and the annual percentage rate is 20.9%.

a.If you make a constant monthly payment of $359, how long will it take you to pay off the credit cardbalance? months(Round to four decimalplaces.)

b.How much interest will you pay if you elect to make the minimumpayment?

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