29) You have really gone above and beyond in spending on your fraternity initiation party and ran up $1,500 on your parent's credit card. You apologize to them and promise to pay $30 per month towards paying off the balance fully. You know that the credit card interest rate is 20%. How long will it take you to fully pay off your good times? a. About 2 years b. About 5 and a half years C. About 9 years d. It depends 30) You have the choice of three different investment alternatives. Which one has the highest EV 2 a. $125 per month invested for 10 yrs at 7% b. $150 per month invested for 10 yrs at 5.50% C. $175 per month invested for 10 yrs. at 1.05% 31) Your plan is to buy a home with a 75% loan to value mortgage. The price you've negotiated' is $134,000 and interest rates for 30 year loans (paid monthly) are 2.98%. What is your monthly payment and how much interest will you pay over the life of the loan? a. $476 and $52,224 b. $360 and $43,938 c. $521 and $61,234 d. $423 and $ 51,646