How much longer will it take you to pay off this balance


You owe $3,745 on your credit card. You are determined that you will not charge another purchase because you want to get this debt paid in full. The card has an APR of 14.9 percent. How much longer will it take you to pay off this balance if you make monthly payments of $60 rather than $75?

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Accounting Basics: How much longer will it take you to pay off this balance
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