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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A: Please see the below picture for detailed solution.

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A: NOTE: Refresh your page if you can't see any equations. . the given function is now f(x) is a…

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