Please answer a,b, and c. Using the table above.

Making even a minimum payment each month is very important. The minimum payment is not just an amount that the credit card companies want you to pay in order to get some of their money back, it is also a good thing for the card user to pay, at the very least, each month. Let's see if we can figure out hy. d) Suppose you have a credit card with a 25.56% APR that you use for a $700 purchase. You are currently only able to budget $10 a month toward the card. Fill in the table below: After Months Interest Charged Balance Payment Remaining Balance 0 N/A $700 1 25.56% $700 TO 17019 2 25.56% 704.91 810 709.92 3 25.56% $709.92 10 $715.05 e) What is happening to the credit card's balance as each payment is made? Explain why this is a problem. After each payment the balance is increasing because the interest cost is higher than the payment made by the credit card holder, so we are laking in interest payment also the balance is increasing- e problem is although we are making ayments the bill will never get paid because e are not making enough payments and if we ntinue to make so many low payments, the alance will keep increasing