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You have a $1,000 debt on your credit card. The rate from credit card is 26% annually, compounded monthly. You will make a payment of
You have a $1,000 debt on your credit card. The rate from credit card is 26% annually, compounded monthly. You will make a payment of $25 each month. How long does it take ( to the nearest month) to pay off your debt?
A) 94 months B) 41 months C) 54 months D) 79 months
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