Question: Thom owes $ 8 , 6 0 0 on his credit card. The credit card carries an APR of 1 9 . 1 percent compounded

Thom owes $8,600 on his credit card. The credit card carries an APR of 19.1 percent compounded monthly. If Thom makes monthly payments of $260 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

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