Question

If you pay the minimum payment of $150/month on your $10,000 debt how long will take you to pay off the debt?

Answer 1

5.55 years or 66.67 months.

Explanation:

5.55 years assuming that you are not factoring in interest rates

10000/150 is 66.67 months

divided by 12 months to a year gives you 5.55 years

Answer 2

Answer: 5.5 years

Explanation: