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Thom owes $4,200 on his credit card. The credit card carries an APR of 16.9 percent compounded monthly. If Thom makes monthly payments of $105

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Thom owes $4,200 on his credit card. The credit card carries an APR of 16.9 percent compounded monthly. If Thom makes monthly payments of $105 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Multiple Choice 40.00 months 55.30 months 63 81 months 59.25 months 12

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