1. With two weeks left in the quarter, your dinosaur of a laptop breaks beyond repair. You need a laptop to work on your film class final and there is no way you can get an extension. You decide to immediately buy a MacBook Pro (if you're going to be using it for the next few years of film classes, you might as well get something useful). Yet, being a poor college student, you don't exactly have the cash to pay for it, so you charge it to your "For Emergency Use Only" credit card. Your credit card has an interest rate of 17.99%. Assume the only charge you make on your credit card is $2200 for your new MacBook Pro.

a. You pay the minimum option of 3% per month (not less than $25). Make a amortization table for this loan. Paste months 0-5 into your Word document.

b. How long will it take you to pay off your balance?

c. How much would you pay in interest?

d. Suppose instead of paying the minimum option you get a job as a Lab Assistant in the Quantitative Reasoning Center which allows you to pay $80 per month (flat payment). Now how long does it take you to pay off your balance?

e. How much would you pay in interest?

f. What would your monthly payment be if you wanted to pay off the credit card in exactly 2 years? (Hint: Whenever we know the exact time we want a loan to last, we can use the PMT function. There is a place in that function to input the number of years.)

please answer fully for a good rate.