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Social Studies, 18.03.2022 14:00 bethyboop1820

Fredrik is buying a $400 digital music player using his credit card. His credit card has a fixed APR of 18%. He plans to pay the minimum of 5% of his balance each month- which will be $20 in this case. How many months will it take Fredrik to pay off the purchase of the digital music player? a. 45 months
b. 33 months
c. 18 months
d. 22 months

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