29) You have really gone above and beyond in spending on your fraternity initiation party and ran up $6,500 on your parent's credit card. You apologize to them and promise to pay $125 per month towards paying off the balance fully. You know that the credit card interest rate is 18%. How long will it take you to fully pay off your good times? a. About 8 and a half years b. About 5 and a half years c. Just over 20 years d. It depends