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How many months will it take for her to pay off credit card

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Question - Justine owes $4,000 on a credit card that charges interest at 24% per year, expressed as an annual percentage rate with monthly compounding. If Justine can repay $315 per month, with the first payment occurring at the end of month one, how many months will it take for her to pay off the credit card?

Reference no: EM133166314

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