Calvin Johnson has a $5,000 debt balance on his Visa card that charges 18.6% APR compounded monthly. Calvin's current minimum monthly payment is 3% of his debt balance, which is $150. How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $150 at the end of each month? a. 34 b. 42 c. 48 d. 54 e. 61 f. Cannot be determined. g. None of the above. 2. Assume that only the unbiased expectations theory of the term structure of interest rates holds (ignore the liquidity preference theory). If the annual rate of interest on a 2-year Treasury bond is 8 percent and the rate on a 1-year Treasury bond is 7 percent, what rate of interest should you expect on a 1-year Treasury bond one year from now? a. 7.0% b. 7.5% c. 8.000 d. 8.5% e. 9.090 f. 9.5%