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You have an outstanding credit card bill of $9,500. If you make the minimum monthly payment of $300 and your APR on the credit card
You have an outstanding credit card bill of $9,500. If you make the minimum monthly payment of $300 and your APR on the credit card is 21% (but it is compounded monthly), how many months will it take you to pay-off the credit card? (round to the nearest month - ex 23)
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