Time to Pay Off Debt. Victor owes $20,000 on his credit
Chapter 5, Problem 44(choose chapter or problem)
Time to Pay Off Debt. Victor owes $20,000 on his credit card. The annual interest rate is 17%. a. Approximately how many years will it take him to pay off this credit card if he makes a monthly payment of $300? b. Approximately how many years will it take him to pay off this credit card if he makes a monthly payment of $400?
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