Today, you borrowed $12,200 on your credit card to purchase some furniture. The interest rate is 16.8 percent, compounded monthl
y. How long will it take you to pay off this debt assuming that you do not charge anything else and make regular monthly payments of $190? a. 13.7 years
b. 15.2 years
c. 14.5 years
d. 16.9 years
D) Persuasive labeling_ The product is created to capture the attention of the customer. Rather than focusing on any other factors it focuses on the creativeness