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Business, 04.03.2020 23:30 ddlc28

(Annuity payments) Calvin Johnson has a 5000 debt balance on his Visa card that charges 12.9 percent APR compounded monthly. In 2009 , Calvin's minimum monthly payment is 3 percent of his debt balance, which is $150. How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $150 at the end of each month?

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(Annuity payments) Calvin Johnson has a 5000 debt balance on his Visa card that charges 12.9 percent...
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