Multiple Choice
Solve the problem. Assume no new purchases are made with the credit card.
-The annual interest rate on a credit card is 16.99%. If a payment of $100.00 is made each month, how long will it take to pay off an unpaid balance of $1746.42?
A) 15 months
B) 23 months
C) 21 months
D) 20 months
Correct Answer:
Verified
Correct Answer:
Verified
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