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You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 18.99% 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 18.99% annual interest, compounded monthly. If you make the minimum payments of $30 per month, how long will it take ( to the nearest month) to pay off your balance?

a. 27 months

b. 64 months

c. 48 months

d.54 months

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