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How many months quicker will you be able to pay off

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Question - You have a credit card with a balance of $10,600 and an APR of 17 percent compounded monthly. You have been making monthly payments of $210 per month, but you have received a substantial raise and will increase your monthly payments to $260 per month. How many months quicker will you be able to pay off the account?

Reference no: EM133128250

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