omework: Section 8.8 Homework core: 0 of 1 pt 120120(17 complete) Hw Score: 77 5%, 155 of 2 8.8.7 I. Question Hep the card and the balance being paid off over two years, the monthly payment is $235 and the total intorest paid is Your crea card has a balance of S4700 and an annual interest rate of 16% wm notne prchases charged tothe ard and ne bane $940 You can get a bank loan at 105% with aterm of three years. a. How mach will you pay each month? How b. How much total interest will you pay? How does this compare with the total credi-card does this compare with the credit-card payment each month? a. Select the correct choice below and ill in the answer boxes within your choice Do not rond unta the final answer Then round to the nearest dollar as needed O A. The monthly payments for the bank loan are approxlmabely sThis is more than the The monthly payments for the bank loan are approxelyThis is S less than the monthly credi-card peyments Cack to select and enter your answer s) and then cick Check