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Today, you borrowed $7,661 on your credit card to purchase some home appliances. The interest rate is 12.12 percent, compounded monthly. How long will it

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Today, you borrowed $7,661 on your credit card to purchase some home appliances. The interest rate is 12.12 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $120? Ca. 4.13 years b. 8.24 years C. 8.58 years d. 100.86 years e. 102.99 years

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