Business, 04.04.2020 11:06 130005401

Thom owes $7,200 on his credit card. The credit card carries an APR of 18.4 percent compounded monthly. If Thom makes monthly payments of $225 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges

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Thom owes $7,200 on his credit card. The credit card carries an APR of 18.4 percent compounded month...