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Thom owes $4,800 on his credit card. The credit card carries an APR of 17.2 percent compounded monthly. If Thom makes monthly payments of $150

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Thom owes $4,800 on his credit card. The credit card carries an APR of 17.2 percent compounded monthly. If Thom makes monthly payments of $150 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges? Multiple Choice 11.80 months 43.12 months 40.25 months 32.00 months

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