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How long will it be before you can use the credit card

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Question - You just got back from the trip of a lifetime and a month later got your credit card bill. You did not realize that you spent $4,896 on the trip in addition to $1,896 for living expenses during the month. The credit card has an 19.99% APR. You have vowed to not use the credit card until the balance is zero. If the minimum limit is $115 per month, how long will it be before you can use the credit card?

Reference no: EM133136874

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