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How long will it take you to pay off the debt

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Reference no: EM131919295

Assume you have just opened up your most recent credit card statement. You realize that you have charged too much on your credit card and have racked up $12,000 in debt. If you can only afford to pay $200 each month, and the card charges 15.00 percent APR, how long will it take you to pay off the debt?

Reference no: EM131919295

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