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Your summer vacation was great, but it unfortunately ran a bit over budget. You now have $3,500 balance on your current credit card, which charges
Your summer vacation was great, but it unfortunately ran a bit over budget. You now have $3,500 balance on your current credit card, which charges an annual rate of 16.5 percent. You plan to make payments of $600 a month on this debt. How many months will it take for you to pay off this credit card debt? Select one: O a. 5.83 months O b. 15.48 months O C. 18.47 months O d. 21.50 months e. 16.72 months
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