Your neighbor has gotten into some serious credit card debt, Financial Management

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Your neighbor has gotten into some serious credit card debt

Your neighbor has gotten into some serious credit card debt, and currently owes $18,742 with an interest rate of 19% APR. Making the minimum payment of $413 per month, how long will it take to pay off this loan? Enter answer in months, to two decimal places.

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Financial Management: Your neighbor has gotten into some serious credit card debt

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Financial Management: Your neighbor has gotten into some serious credit card debt

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