Question: Arsenio has a $ 6 comma 0 0 0 6 , 0 0 0 debt balance on his Visa card that charges 2 1 .

Arsenio has a
$6 comma 0006,000
debt balance on his Visa card that charges
21.121.1
percent compounded monthly, and his minimum monthly payment is 3 percent of his debt balance, which is
$180180.
How many months(round up) will it take Arsenio to pay off his credit card debt if he pays the current minimum payment of
$180180
at the end of each month? If Arsenio made monthly payments of
$230230
at the end of each month, how long will it take him to pay off his credit card debt? (Round up)

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