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How many months will take to repay the debt

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Reference no: EM132931933

Problem 1: A landscape architect accrued $7,827.51 in credit card debt. If the architect makes a monthly payment of $600 (and makes no additional charges on the account), how many months will it take to repay the debt if the annual interest rate on the credit card is 19.8%? (Round your answer up to the nearest month.)

Reference no: EM132931933

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