Jessica owes 2700 dollars on a credit card that charges 17, Ask an Expert

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Jessica owes 2700 dollars on a credit card that charges 1.7 percent interest per month. She decides to pay off the debt by making monthly payments of 80 dollars, starting one month from now, followed by a final smaller payment. How many payments, including the final one, will be required?

Answer = payments.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92719877

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