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Thom owes $4,200 on his credit card. The credit card carries an APR of 16.9 percent compounded monthly. If Thom makes monthly
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Answer #1

Using financial calculators PV=- 4200 1/4= 16.9 = 1.41 PMT= 105 CPT N 59.25 igt will take 59-25 months

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