The current balance on your credit card is 637221 the card


Question: The current balance on your credit card is $6,372.21. The card charges 24 percent compounded monthly on all outstanding balances. If you pay $250 per month and make no further charges on the card, how long (in months) will it take you to pay off the balance?

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Finance Basics: The current balance on your credit card is 637221 the card
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