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Assume that Sean and Catherine only pay the minimum payment on Credit Card #1 (balance $3,000). The minimum balance is 3% of the total

 

Assume that Sean and Catherine only pay the minimum payment on Credit Card #1 (balance $3,000). The minimum balance is 3% of the total balance. What is their minimum. monthly payment? $90 Question 8 1 pts Using the BankRate calculator and the minimum payment you calculated above, if Sean and Catherine only pay the minimum payment, how many months would it take them to pay off their credit card loan based on a 17.5% APR? Question 9 1 pts Assume that Sean and Catherine only pay the minimum payment on Credit Card #2 (balance $6,500). The minimum balance is 3% of the total balance. What is their minimum monthly payment?

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