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George has a $2,000 credit card balance with 15% APR and makes $40 monthly payments. Samantha has a $2,000 credit card balance with 15% APR

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George has a $2,000 credit card balance with 15% APR and makes $40 monthly payments. Samantha has a $2,000 credit card balance with 15% APR and makes $80 monthly payments. Neither individual makes any additional purchases on the credit card. Which statement is FALSE? 1) Samantha will have the credit card balance paid off within 3 years. O2) It will take George over 10 years to have the credit card reach a zero balance. O 3) George will pay over $2,000 in interest over the life of the loan. O 4) Samantha will pay almost $1,000 of interest on this credit card purchase

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