How many months will take to pay off the card

Reference no: EM131977193

Question: Fred owes $8,000 on his credit card, which carries an annual interest rate of 10.1 percent. If he does not charge anything else and sends the credit card company $549 every month, how many months will it take to pay off the card? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131977193

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