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You recently opened a credit card account with a 14.99% nominal annual interest rate. Using the card, you purchased a new treadmill for $925. The
You recently opened a credit card account with a 14.99% nominal annual interest rate. Using the card, you purchased a new treadmill for $925. The statement just arrived, and the minimum payment is only $30.00. How long will it take you to pay this off? Round to whole months
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