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Business, 24.03.2020 20:18 zwalkert01
Dennis Rodman has a $5,500 debt balance on his Visa card that charges an APR of 8 percent compounded monthly. Dennis's current minimum monthly payment is 4 percent of his debt balance, $220. How many months (round up) will it take Dennis to pay off his credit card if he pays the current minimum payment of $220 at the end of each month
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