The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of $2,394.83? Assume that no new purchases are made with the credit card. It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of
$2,394.83? Assume that no new purchases are made with the credit card.
It will take months to pay off the unpaid balance.
(Do not round until the final answer. Then round up to the nearest integer as needed.)
Transcribed Image Text:The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how many months will it take to pay off an unpaid balance of $2,394.83? Assume that no new purchases are made with the credit card. It will take months to pay off the unpaid balance. (Do not round until the final answer. Then round up to the nearest integer as needed.)
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