4 While on Spring Break, you have decided you have had enough of the beach, so you enter the prestigious Cancun Bond Valuation World Championship, which, being a Michigan State student, you win easily. Your grand prize is $500. However, you go a little overboard in celebrating, and you have to put $1500 on your credit card to pay for the festivities (your previous balance was 0). You still have the money that you won, which you decide to pay toward your credit card balance as soon as you get home. The annual interest rate on your credit card is 18% How much will you have to pay per month if you want to pay off the entire credit card balance in exactly 1 year? 00:48:46 Book Multiple Choice $49.92 $99.85 $219.16 $137.52 O $91.66