Joel is considering putting a $2200 laptop purchase on his credit card, which has an interest rate of 3.7% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $35? Round your answer to the nearest tenth of a year.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Joel is considering putting a $2200 laptop purchase on his credit card, which has an interest rate of 3.7% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $35? Round your answer to the nearest tenth of a year.

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