How long will it take you to pay off the debt

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You have a credit-card debt of $16,986 and the interest rate you are paying is 14%. You have been making the minimum monthly payment (assume that the minimum monthly payment is 1.8% of the remaining balance) and you are not continuing to make charges on the card. Approximately how long will it take you to pay off the debt?

Reference no: EM13149491

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