You charged $1,000 on you

You charged $1,000 on you

You charged $1,000 on your credit card for Christmas presents. Your credit card company charges you 26% annual interest, compounded monthly. If you make the minimum payments of $25 per month, how long will it take ( to the nearest month) to pay off your balance?A.40 monthsB.54 monthsC.94 monthsD.79 months

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