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You owe $20,000 in credit card debt. If the interest rate is 20% APR with monthly compounding and you are committed to making monthly
You owe $20,000 in credit card debt. If the interest rate is 20% APR with monthly compounding and you are committed to making monthly payments of exactly $340, how long will it take you to pay this debt off? Express your answer in months and make sure you round to the nearest month (e.g. if the answer were 123.513, enter 124).
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Contemporary Business Mathematics With Canadian Applications
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
12th Edition
0135285011, 978-0135285015
