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You currently owe $2000 on your credit card, which calculates interest based on 20.01% APR, compounded daily. You make quarterly payments of $400 at the
"You currently owe $2000 on your credit card, which calculates interest based on 20.01% APR, compounded daily. You make quarterly payments of $400 at the end of every quarter, and you make your first payment exactly one quarter from now. How many quarters until you pay off your credit card debt? Assume 91 days per quarter."
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