Question: (Nonannual compounding using a calculator) Dennis Rodman has a $6,000 debt balance on his Visa card that charges an APR of 12.3 percent compounded monthly,

(Nonannual compounding using a calculator) Dennis Rodman has a $6,000 debt balance on his Visa card that charges an APR of 12.3 percent compounded monthly, Dennis's current minimum monthly payment is 4 percent of his debt balance, $240. How many months (round up) will it take Dennis to pay off his credit card if he pays the current miminum payment of $240 at the end of each month? How many months will it take Dennis to pay off his credit card? months (Round up to the nearest unit.) 7 8 N 9 P 10 R 11 T 12 13 14 15 PV 16 FV 17 NPE 18 PM 19 RAT 20 TYPE 21 22 23 PV 24 FV 25 NPER 26 PMT 27. RATE 28 TYPE 29 10 31 34 35 36 17 Enter your answer in the answer box Ready MacBook Pro

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