Question: Need help with a problem please. Here it is: Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent,

Need help with a problem please. Here it is: Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly.How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $60?

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