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You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 21.99% annual interest, compounded monthly. If you make the
You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 21.99% annual interest, compounded monthly. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance? 73 months 94 months 30 months 79 months
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