3. (5 points, number of months to pay off credit card balance): How many months would it take to pay off your credit card outstanding balance if your APR is 12% and your outstanding balance is $2,350? Assume you make a payment each month of $300. 4. (5 points, number of months to pay off student loan balance): How many months would it take to pay off your student loan outstanding balance if your APR is 4% and your outstanding balance is $8,500? Assume you make a payment each month of $200.