Create an excel chart with an armortization table for yoir credit card ($1,500 balance at 23% APR to which you pay $100 a month) and use it to answer the following questions:

Create an Excel chart with an amortization table for your credit card ($1,500 balance at 23% APR to which you pay $100 a month) and use it to answer the following questions: la. How long will it take to pay-off your credit card (Assume you make no other charges)? 16. How much interest will you pay over the life of your credit card? 1c. Using you the number of months from part la) find out how much money you will have earned in interest on your savings account during this time ($2,000 one time deposit, 3% compounded monthly). 1d. Which is the better option, using your money from savings to pay off the credit card or making $100 monthly payments to your credit card? How much, exactly will you save in interest charges? le. Beyond the math: what are some life situations that might make your answer to number Id hot practical or feasible