en Suppose you owe $700 on your credit card and you decide to make no new purchases and to make the minimum monthly payment on the account. Assuming that the interest rate on your card is 2% per month on the unpaid balance and that the minimum payment is 3% of the total balance plus interest, your balance after I months is given by B(U= 700(0.9894'). Find your balance at each of the given times. Completo parts (a) through (o) below, (a) six months After six months, the balance is $] (Round to the nearest cont as needed) (b) one year (remember that is in months) After one year, the balance is $]. (Round to the nearest cent as needed) (c) seven years After seven years, the balance in 5 ] (Round to the norest cont as needed) (d) nine years Antor nine years, the balance is $ (Round to the nearest cent as needed) (On the basis of your answers to parts. (a)4), what advice would you give to your friends about minimum payments? O A The minimum payment maximizes the short-term cost and minimizes the long term cont. It would be advisable to pay only the minimum monthly payment to decrease the short term cost The minimalne the shmanet and that the more than the milith Click to select your answers) This course (Math 1324 SPG 2021 CRN 21039) is based on a Hungerford Holcomb Mullins: Finite Mathematics with Applications, 120 ath Find the future value for the ordinary annuity with the given payment and interest rate. PMT - $2,250; 1.10% compounded quarterly for 12 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)