Mathematics, 06.07.2021 05:30 888914

Joel is considering putting a $4700 laptop purchase on his credit card, which has an interest rate of 3.55% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $45? Round your answer to the nearest tenth of a year.

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Joel is considering putting a $4700 laptop purchase on his credit card, which has an interest rate of 3.55% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $45? Round your answer to the nearest tenth of a year. ​

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Another question on Mathematics

Joel is considering putting a $4700 laptop purchase on his credit card, which has an interest rate of 3.55% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $45? Round your answer to the nearest tenth of a year.