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18Answer of PAYING OFF CREDIT CARDS Simon recently received a credit card with an 18 nominal interest rate.

Round to the nearest month. If the card must be paid off in 10 years and no other charges are made how much will the equal payments be each year. The minimum payment on the card is only 10 per month. With the card he purchased an Apple iPhone 6 for 37271. 5-37 PAYING OFF CREDIT CARDS. If Simon makes the minimum monthly payment and makes no other charges how many months will it be before he pays off the card.
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