Eileen is a college student who consistently uses her credit card as a source of funds. She has maxed out her card at its $6000 limit. She does not plan to increase her credit card balance any further, but has already been declined for a car loan on a badly needed vehicle due to her existing debt. Her credit card charges 20 percent, compounded daily, on outstanding balances. If Eileen does not reduce her debt, how much will she pay annually to her credit card company? If she makes only the mini- mum monthly payment, how much interest will she pay before her credit card balance is cleared? Assume that Eileen will make a constant minimum monthly payment calculated as the amount due in the first month.