1.Assume that you have a balance of $3900 on your MasterCard and that you make no more charges. Assume that MasterCard charges 12% APR and that each month you make only the minimum payment of 6% of the balance. What will the balance be after 32 months? (Round your answer to the nearest cent.)

2.Assume that you have a balance of $3000 on your MasterCard and that you make no more charges. Assume that MasterCard charges 12% APR and that each month you make only the minimum payment of 6% of the balance. What will the balance be after 8 years? (Round your answer to the nearest cent.)

3.Assume that you have a balance of $3500 on your MasterCard and that you make no more charges. Assume that MasterCard charges 12% APR and that each month you make only the minimum payment of 4% of the balance. At what balance do you begin making payments of $30 or less?

4.Assume that you have a balance of $7000 on your MasterCard and that you make no more charges. Assume that MasterCard charges 12% APR and that each month you make only the minimum payment of 5% of the balance. Find how many months it will take to bring the remaining balance down to $400. (Round your answer to the nearest whole number.) months