= Homework: Assignment 4 Question 6, P6-39 (similar to) Part 1 of 2 HW Score: 20%, 20 of 100 points Points: 0 of 10 Save (Annuity payments) Calvin Johnson has a $4,500 debt balance on his Visa card that charges 10.1 percent APR compounded monthly. In 2009, Calvin's minimum monthly payment is 2 percent of his debt balance, which is $90. How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $90 at the end of each month? In 2010, as the result of a federal mandate, the minimum monthly payment on credit cards rose to 3 percent. If Calvin made monthly payments of $135 at the end of each month, how long would it take to pay off his credit card? a. If Calvin made monthly payments of $90 at the end of each month, how long would it take to pay off his credit card? months (Round up to the nearest unit.) Help me solve this View an example Get more help Clear all Check