Question: Please wirte in detail how to get the correct answer You Answered Correct Answers The balance of your revolving credit account is $20,000 today. The

Please wirte in detail how to get the correct answer

You Answered Correct Answers The balance of your revolving credit account is $20,000 today. The account charges a fixed interest rate of 10% APR with monthly compounding. If you make fixed end-of- month payments of $264.30 (first payment in exactly one month), how long will it take you to repay this balance? Round your answer to the nearest MONTH. 22 120 (with margin: 0)

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