Mathematics, 23.11.2020 21:30 hinokayleen5053
A person has a balance of $274.51 on a credit card. The credit card charges 20% annual interest, compounded monthly. The minimum payment is $10 per month. If the person does not make any more purchases using the credit card, and pays only the minimum payment each month, how long will it take before the balance is paid off, to the nearest month?
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A person has a balance of $274.51 on a credit card. The credit card charges 20% annual interest, com...
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