You have a credit card with a balance of $16,300 and an APR of 18.9...
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You have a credit card with a balance of $16,300 and an APR of 18.9 percent compounded monthly. You have been making monthly payments of $305 per month, but you have received a substantial raise and will increase your monthly payments to $380 per month. How many months quicker will you be able to pay off the account? Multiple Choice 42.86 months 10.55 months 45.92 months
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