Research current typical APRs or use those values from a credit card you hold. For a meaningful investigation, select an APR of at least 5% but no more than 50%. What APR do you select? 16 % Using your chosen APR and assuming you will pay 5% of the initial balance each month, how many months will it take for your chosen initial balance on the card to be paid off? (Round up to the nearest month.) months Write any relevant formulas and describe your computations here. This answer has not been graded yet. Part 4 Start with the same chosen initial balance. Suppose that the APR is 22.9% and now you will pay 5% of the current balance each month. Complete the table to show the values corresponding to the first two payments. (Round your answers to two decimal places if necessary.) Balance after Payment # Balance Finance Charge Payment Finance Charge and Payment Initial Balance Initial Balance $ $ $ 2 $ $ $ $ How many months will it take to bring the balance down to under $1? months Write any relevant formulas and describe your computations here