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Your credit card charges an APR of 29% on your balance. Interest is compounded on a daily basis, 365 days a year. If you made

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Your credit card charges an APR of 29% on your balance. Interest is compounded on a daily basis, 365 days a year. If you made the minimum payment of $150 per month on your credit card balance, how long will it take you to pay off a $5,000 balance? Multiple Choice 2.98 years 5.82 years 6.61 years 9.56 years 35.73 years

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