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You have a balance of $2,000 on your credit card and your monthly minimum payment is $35. The credit card company charges an APR of
You have a balance of $2,000 on your credit card and your monthly minimum payment is $35. The credit card company charges an APR of 18%, compounded monthly. If you just make the minimum payment and do not add additional charges on the card, how long it takes you to pay the balance off? (round to the nearest month)
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