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Today you borrowed 7332 on your credit card to purchase a

Today, you borrowed $7,332 on your credit card to purchase a bedroom set. The interest rate is 13.9%, compounded monthly. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $200?

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Financial Management: Today you borrowed 7332 on your credit card to purchase a

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Financial Management: Today you borrowed 7332 on your credit card to purchase a

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