How long will it take her to pay off the debt
Problem
Tammy realizes that she has charged too much on her credit card and has racked up $15,000 in debt. If Tammy can pay $350 each month and the card charges 23 percent APR (compounded monthly), how long will it take her to pay off the debt?
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If Tammy can pay $350 each month and the card charges 23 percent APR (compounded monthly), how long will it take her to pay off the debt?
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