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Thom owes $4,600 on his credit card. The credit card carries an APR of 17.1 percent compounded monthly. If Thom makes monthly payments of $130

Thom owes $4,600 on his credit card. The credit card carries an APR of 17.1 percent compounded monthly. If Thom makes monthly payments of $130 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

49.59 months

35.38 months

46.28 months

12.37 months

53.40 months

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