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You have a $12,000 balance on your credit card, which charges 19% interest annually. If you can afford to pay only $125 per month, how
You have a $12,000 balance on your credit card, which charges 19% interest annually. If you can afford to pay only $125 per month, how many months will it take to pay the credit card in full?
Please show how you get the solutions by showing the formula and computations.
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