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If you take the maximum length of time to pay off a credit card, at a...

If you take the maximum length of time to pay off a credit card, at a rate of 18.5%, how much interest will you pay in interest on a debt of $2,000?. Based your calculations on a minimum payment of 1/36 or $20, whichever is greater.

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Expert Solution

It will take 136 months to pay off the loan.

Please do rate me and mention doubts in the comments section.

jeff jeffy answered 10 months ago
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