omework: 8.8 core: 0 of 1 p Sav 4014(4 complete) Hw Score: 31.25%, 1.25 of 4 p 8.8.9 EQuestion Help rcredit card has a balance o S5600 and an annual interest rate of 12%. You decide to pay offhebalance over sve years. "there are not ther prchases chargedtohoad,you must pay S2457 each month, and you will pay a total interest of $1874.20. Assume you decide to pay off the balance over one year rather than five. How much more must you pay each month and how much less will you pay in total interest? 6 Use PMT to determine the regular payment amount 1-1+ You wil pay more each month. (Round to the nearest cent as needed.)