You have $25,000 of credit card debt, and you decide that you will never charge another
cent on this card. You pay only the minimum that the credit card company asks you to
pay each month. Your interest rate is 18 percent and the minimum payment is just 2
percent of your balance. How long will it take you to pay off the debt in full if you never
charge another cent?
O 22 years
34 years
0 73 years
08 years