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(Annuity payments) Cavin Johvon has a $5,000 deee bylance on his Vasa card that chayos 14.7 percent ApR compourded monthy. In 2009 , Cavris ininimum

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(Annuity payments) Cavin Johvon has a $5,000 deee bylance on his Vasa card that chayos 14.7 percent ApR compourded monthy. In 2009 , Cavris ininimum moretiy payinert is end of each monch? In 2010, as the result of a federal mandate, the minimum monetly paymert on credt cavids fone to 5 percent. If Cavin made nsontlily payments of 3850 ac the end of exch month, how long would it take to piy off his credt carf? If Cavin made monthy payments of 5200 at the end of each roonth how long would it take to pry oft his credit card? months (Round up to the nearest unt) b. If Cavin made manthy payivents of 5250 a the end of each morth how hog would it tshe so pay off his credt card? months (Riound up to the nearest init)

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