Define how many months will take to pay off the card

Reference no: EM131977234

Question: Fred owes $9,000 on his credit card, which carries an annual interest rate of 14 percent. If he does not charge anything else and sends the credit card company $519 every month, how many months will it take to pay off the card? (Show your answer to two decimal places, e.g., 12.34) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131977234

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