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Joey realizes that he has charged too much on his credit card and has racked up $5,800 in debt. If he can pay $175 each month and the card charges 16 percent APR (compounded monthly), how long will it take him to pay off the debt? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Time to pay off the debt months

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320375

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