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1h Pearson's MyLab & Mastering - X Take a Test - Anakaren Contreras X Course Hero X https://www.mathxl.com/Student/PlayerTest.aspx?testld=220470111 G ... Math 1332.110_Fall 2020 Anakaren Contreras & 10/13/20 4:18 PM Quiz: Chapter 4 Review Quiz Submit Quiz This Question: 1 pt 5 of 21 (7 complete) This Quiz: 21 pts possible Assume you have a balance of $1200 on a credit card with an APR of 12%, or 1% per month. You start making monthly payments of $200, but at the same time you charge an additional $80 per month to the credit card. Assume that interest for a given month is based on the balance for the previous month. The following table shows how you can calculate your monthly balance. Complete and extend the table to show the balance at the end of each month until the debt is paid off. How long does it take to pay off the credit card debt? Fill out the table row by row, and continue until the last full payment. (Round to the nearest cent as needed.) Month Payment Expenses Interest New Balance $1200 $200 $80 0.01 x $1200 = $12.00 $1200- $200 + $80 + $12.00 = $1092.00 w $200 $80 $200 $80 $200 $80 S Continue until the last full payment. $200 $80 Therefore, a(n) th partial payment will pay off the loan, which means the loan will be paid off in |months. Enter your answer in each of the answer boxes. javascript:do Exercise(5); m ENG 4:18 PM Type here to search O 10/13/2020 delete nome end 16 40 + 19 144 prt sc backspace