ou have really gone above and beyond in spending on your fraternity initiation party and ran up $11, 000 on your parent's credit card. You apologize to them and promise to pay $350 per month towards paying off the balance fully. You know that the credit card interest rate is 24%. How long will it take you to fully pay off your good times? a. A bit over 4 years b. About 2 and a half years c. About 3 years d. It depends

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