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QUESTION
Phoebe realizes that she has charged too much on her credit card and has racked up $6,400 in debt.
Phoebe realizes that she has charged too much on her credit card and has racked up $6,400 in debt. If she can pay $225 each month and the card charges 16 percent APR (compounded monthly), how long will it take her to pay off the debt? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
