Mathematics, 22.10.2019 01:00 zoeybuch5

Suppose that you have a $2,000 balance on a credit card with a 29.99% annual interest rate, compounded monthly, and you can afford to pay $150 per month toward this debt.
a. find the amount of time it takes to pay off this debt. give your answer in months and years
b. calculate the total amount paid over the life of the debt.

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