Phoebe realizes that she has charged too much on her credit, Ask an Expert

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Phoebe realizes that she has charged too much on her credit card and has racked up $5,700 in debt. If she can pay $200 each month and the card charges 18 percent APR (compounded monthly), how long will it take her to pay off the debt? (Do not round intermediate calculations and 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.:- M91586660

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