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How many months will it take dennis to pay

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Question - Dennis Rodman has a ?$5,000 debt balance on his Visa card that charges an APR of 14.3 percent compounded monthly.? Dennis's current minimum monthly payment is 3 percent of his debt? balance, $150. How many months? (round up) will it take Dennis to pay off his credit card if he pays the current miminum payment of $150 at the end of each? month? How many months will it take Dennis to pay off his credit? card?

Reference no: EM132959760

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