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Suppose your credit card balance is $16,500. The minimum payment is $321, and the annual percentage rate is 18.1%. a. If you make a constant

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Suppose your credit card balance is $16,500. The minimum payment is $321, and the annual percentage rate is 18.1%. a. If you make a constant monthly payment of $321, how long will it take you to pay off the credit card balance? b. How much interest will you pay if you elect to make the minimum payment

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