omework: Section 8.8 Homework ore: 0 of 1 pt 1201 20(1 7 complete) HW Score: 775%, 15 5 of 2 8.8.7 Question Hep our c edit card has a balance of S4700 and an annual interest rate of 1 % with no further purchases charged to the card and the balance being paid a over two years, the monthly payment is $235, anne total merest pad is S940 You can get a bank loan at 105% with a term of three years a. How much will you pay each month? How does this compare with the credit-card payment each menth? b. How much total interest will you pay? How does this compare with the total credt-card interest? a. Select the correct choice below and fill in the answer boxes within your choice Do not round untl the inal answer. Then round to the nearest dollar as needed) 0A. The monthly paymentsforthe bank loanareappeomate yS Thisissm more than the monthly credecard paym ents O B. The monthly payments for the bank loan are approximately This is sless than the monthly credt card payments Chcx so select and enter your answers) and tren chcx check