Multiple Choice
Isaac realizes that he charged too much on his credit card and has racked up $5,000 in debt. If he can pay $225 each month and the card charges 17.55 percent APR (compounded monthly) , how long will it take him to pay off the credit card?
A) 19.14 months
B) 21.77 months
C) 22.62 months
D) 27.07 months
Correct Answer:
Verified
Correct Answer:
Verified
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