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You have a credit card with a balance of $13,600 and an APR of 18 percent compounded monthly. You have been making monthly payments of
You have a credit card with a balance of $13,600 and an APR of 18 percent compounded monthly. You have been making monthly payments of $260 per month, but you have received a substantial raise and will increase your monthly payments to $335 per month. How many months quicker will you be able to pay off the account
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