Question: Please show equations and steps. 32. Compute how long it would take you to pay back a credit card loan balance of $5000 if the

Please show equations and steps.

32. Compute how long it would take you to pay back a credit card loan balance of $5000 if the APR is 14.9% and you make payments of $100+7 per month.

33. Compute the value of a 15-year mortgage that has even monthly payments of $1395+7 dollars per month if the APR is 2.14%.

34. Assume that you want to buy a house that costs $250,000+7 dollars. If you make a 20% downpayment, the APR is 2.77% on a 30-year mortgage. If you make a 10% downpayment, the APR is 3.58% on a 30-year mortgage. Compute how much less you have to pay per month if you make the 20% downpayment.

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