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QUESTION
A credit card charges an annual yield of 14.5%. If you borrow $3,000 on your credit card and do not pay your debt back, in how many years will you have been charged $4,000 of interest on your debt? Ro
A credit card charges an annual yield of 14.5%. If you borrow $3,000 on your credit card and do not pay your debt back, in how many years will you have been charged $4,000 of interest on your debt? Round your answer to the nearest 0.1 year.
