Calvin Johnson has a

$4,000

debt balance on his Visa card that charges

10.6

percent APR compounded monthly. In 2009, Calvin's minimum monthly payment is

4

percent of his debt balance, which is

$160.

How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of

$160

at the end of each month? In 2010, as the result of a federal mandate, the minimum monthly payment on credit cards rose to

5

percent. If Calvin made monthly payments of

$200

at the end of each month, how long would it take to pay off his credit card?

a.If Calvin made monthly payments of

$160

at the end of each month, how long would it take to pay off his credit card?

nothing

months(Round up to the nearest unit.)

b.If Calvin made monthly payments of

$200

at the end of each month, how long would it take to pay off his credit card?

nothing

months(Round up to the nearest unit.)