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Thom owes $8,800 on his credit card. The credit card carries an APR of 19.2 percent compounded monthly. If Thom makes monthly payments of $265

Thom owes $8,800 on his credit card. The credit card carries an APR of 19.2 percent compounded monthly. If Thom makes monthly payments of $265 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

11.38 months

44.56 months

33.21 months

47.74 months

51.42 months

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