Question: Francisco has credit card debt in the amount of $12,347. Assume that Francisco's credit card has APR of 15.75% . (a) If he makes no

Francisco has credit card debt in the amount of $12,347. Assume that Francisco's credit card has APR of 15.75% . (a) If he makes no additional purchases on his card how long will it take him to pay off his debt if he only pays the minimum monthly payment of $410? (b) How much does he wind up paying the credit card company by only paying the minimum payment?

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