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Number of Annuity Payments Phoebe Realizes That She Has Charged

question 33

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Number of Annuity Payments Phoebe realizes that she has charged too much on her credit card and has racked up $7,000 in debt.If she can pay $200 each month and the card charges 17 percent APR (compounded monthly) ,how long will it take her to pay off the debt?


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