Business, 10.04.2020 15:26 bchagnard2122

You have a credit card with a balance of $14,500 and an APR of 18.3 percent compounded monthly. You have been making monthly payments of $275 per month, but you have received a substantial raise and will increase your monthly payments to $350 per month.

How many months quicker will you be able to pay off the account?

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You have a credit card with a balance of $14,500 and an APR of 18.3 percent compounded monthly. You...

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