Mark has a credit card with $5,000 balance. His interest rate is 19%, and the credit card company requires a minimum monthly payment of $100 per month.
Write a short paper (300-500 words) that answers the following questions:
•How long will it take for Mark to get his balance to $0 (Use this site for the interest calculator- www.consumercredit.com)
•What strategies should Mark use to pay off the card sooner?
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