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 fake 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 30) You have the choice of three different investment alternatives. Which one has the highest FV? a. $125 per month invested for 12 yars at 7% b. $150 per month invested for 10 yas at 5.50% c. $175 per month invested for 8 yors at 4.00% 31) Your plan is to buy a home with an 80% loan to value mortgage. The price you've negotiated is $255,000 and interest rates for 30 year loans (paid monthly) are 5.79%. What is your monthly payment and how much interest will you pay over the life of the loan? a. $476 and $52,224 b. $1,195.68 and $226,443.89 c. $1,195.68 and $183,788.99 d. $476 and $51,646