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1. You spent $1,000 on your credit card. You forgot to pay back the money. After 6 months, you find the balance becomes $1126.16. The

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1. You spent $1,000 on your credit card. You forgot to pay back the money. After 6 months, you find the balance becomes $1126.16. The interest is compounded monthly. What is the APR of this credit card? 5 pts . You find the APR is too high for last credit card, so you find another one. Now the APR is 12%. You spend $1,000 on this new card, and plan to pay it off in one year. How much is your monthly payment assuming that every payment is in the same amount? 5 pts

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