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? Multiple Choice 33.08 months 47.34 months 11.39 months 50.98 months 44.18 months
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