Mathematics, 21.06.2020 03:57 haileyhale5

Melanie owes $8,000 on her credit card. The bank charges a monthly interest rate of 0.975%. If Melanie makes monthly payments of $550, determine how long it will take her to pay off the balance, to the nearest month, using the formula below.

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Melanie owes $8,000 on her credit card. The bank charges a monthly interest rate of 0.975%. If Melan...