Joey realizes that he has charged too much on his credit, Ask an Expert

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Joey realizes that he has charged too much on his credit card and has racked up $5,100 in debt. If he can pay $125 each month and the card charges 18 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.:- M93056194

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