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Time period needed to pay off the given loan

Problem:

You ran a little short on your spring vacation, so you put a $1,500 on your credit card. You can only afford to make the minimum payment of $30 per month. The interest rate on the card is 1.5% per month. How long will it take you to pay off the $1,500 (assume end of the month payments)? How much total interest will you pay?

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Finance Basics: Time period needed to pay off the given loan

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