Question

Donald's accountant told him that if he continues to pay $55 a month on his credit...

Donald's accountant told him that if he continues to pay $55 a month on his credit card, it will take him 41 years to pay off his current balance (assuming his interest rate doesn't change and assuming he doesn't charge anything else on that card). His credit card interest rate is 18.55%. What is his current credit card balance?

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