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You charge a new cell phone on your credit card for $ 700. Your credit card has a 23.0% APR and you make the minimum
You charge a new cell phone on your credit card for $ 700. Your credit card has a 23.0% APR and you make the minimum payment of $ 58 per month. How many months will it take you to pay off the phone? How much total interest will you pay?
Round your final answers to two decimal places (e.g. 14.28)
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