Phoebe realizes that she has charged too much on her credit


Phoebe realizes that she has charged too much on her credit card and has racked up $5,600 in debt. If she can pay $225 each month and the card charges 16 percent APR (compounded monthly), how long will it take her to pay off the debt?

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Financial Management: Phoebe realizes that she has charged too much on her credit
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