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Thom owes $8,400 on his credit card. The credit card carries an APR of 19 percent compounded monthly. If Thom makes monthly payments of $255
Thom owes $8,400 on his credit card. The credit card carries an APR of 19 percent compounded monthly. If Thom makes monthly payments of $255 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?
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