You ran a little short on your spring break vacation so you


You ran a little short on your spring break vacation, so you put $1,000 on your credit card.  You can afford only the minimum payment of $20 per month. The interest rate on the credit card is 1.5 percent per month. How long will you need to pay off the $1,000?

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Financial Management: You ran a little short on your spring break vacation so you
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