Calvin Johnson has a $5,000 debt balance on his Visa card that charges 178 percent APR compounded mo

Calvin Johnson has a $5,000 debt balance on his Visa card that charges 178 percent APR compounded monthly In? 2009, Calvin's minimum monthly payment is 4 percent of his debt? balance, which is ?$200 How many months? (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $200 at the end of each? month?

 

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