Today, you borrowed $1100 on your credit card to purchase some furniture. The interest rate is...

Today, you borrowed $1100 on your credit card to purchase some furniture. The interest rate is 24 percent, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $120?

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Calculations-

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jeff jeffy answered 2 years ago

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