Question: Dennis Rodman has a $ 5 , 0 0 0 debt balance on his Visa card that charges 2 3 . 9 % APR compounded

Dennis Rodman has a $5,000 debt balance on his Visa card that charges 23.9% APR
compounded monthly. Dennis current minimum monthly payment is 3% of his debt
balance, which is $150. How many months (round up) will it take Dennis Rodman to pay off his credit card if he pays the current minimum payment of $150 at the end of each month?

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