3. Credit Card Debt For this problem, assumer is the national average interest rate on a credit card: 19.2%. Suppose for various reasons a someone needed to rely heavily on their credit cards and now has $8000 in credit card debt. A. Scenario 1. Suppose the person is now able to afford paying $100 per month and no longer has to use their credit card (i.e., no further debt is added). What will their balance be after one year? What can you conclude about the person's ability to pay off the credit card following this payment plan? B. Scenario 2. What would this person need to pay each month in order to get rid of the credit card debt in 3 years? (assume the credit card is no longer being used- so no more additional debt is being accrued) C. Scenario 3. How long would it take to pay off this debt if they pay $150 each month (assume the credit card is no longer being used- so no more additional debt is being accrued)