Question: please solve A,B and C with work 3. Suppose you have a credit card with a balance of $5200 and an interest rate of 24.3%

please solve A,B and C with work

3. Suppose you have a credit card with a balance of $5200 and an interest rate of 24.3% APR. The minimum payment is $105. The amount of interest due each month is figured as current balance nr, where r is the rate (decimal form) and n is 12 . A) Fill in the table, making minimum payments. B) Will you ever be out of debt with the credit card company? Explain. (Hint: Use the Present value formula and solve for n ). Calculation: C) Suppose you chose to pay $150 per month instead. Will you ever be out of debt with the credit card company? Explain. (Hint: Use the Present value formula and solve for n). Calculation

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