Phoebe realizes that she has charged too much on her credit, Finance Basics

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Phoebe realizes that she has charged too much on her credit

Question: Phoebe realizes that she has charged too much on her credit card and has racked up $6,900 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. Round your final answer to 2 decimal places.)

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Finance Basics: Phoebe realizes that she has charged too much on her credit

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