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X Problem 5-46 (similar to) Question Help o (Nonannual compounding using a calculator) Dennis Rodman has a $6,000 debt balance on his Visa card that
X Problem 5-46 (similar to) Question Help o (Nonannual compounding using a calculator) Dennis Rodman has a $6,000 debt balance on his Visa card that charges an APR of 15.2 percent compounded monthly. Dennis's current minimum monthly payment is 4 percent of his debt balance, $240. How many months (round up) will it take Dennis to pay off his credit card if he pays the current miminum payment of $240 at the end of each month? How many months will it take Dennis to pay off his credit card? months (Round up to the nearest unit.)
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