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  3. you have a credit card with a balance of $11,200 a

You have a credit card with a balance of $11,200 and an APR of 17.2...

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Finance

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You have a credit card with a balance of $11,200 and an APR of 17.2 percent compounded monthly. You have been making monthly payments of $220 per month, but you have received a substantial raise and will increase your monthly payments to $270 per month. How many months quicker will you be able to pay off the account? Multiple Choice 9.43 months o 0 26.59 months o 24.42 months o 28.49 months o

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