please help!

Part 2 Exercises: Assume you have a balance of $1,300 on a credit card. Use the credit card payoff mlculator to answer the following questions. 1. a. If the credit card has an annual interest rate of 13.6% and only the minimum monthly payment of $35 is made, how many months will it take to pay off the credit card? memos; projectSR; 2021 3 b. What is the total amount that would be spent to pay off the $1,300 if the monthly payment is $35? 2. a. If the credit card has an annual interest rate of 13.6% and a monthly payment of $55 is made, how many months will it take to pay off the credit card? b. What is the total amount that would be spent to pay off the $1,300 if the monthly payment is $55? 3. a. If the credit card has an annual interest rate of 22% and only the minimum monthly payment of $45 is made, how many months will it take to pay off the credit card? b. What is the total amount that would be spent to pay off the $1,300 if the monthly payment is $45? 4. a. If the credit card has an annual interest rate of 22% and a monthly payment of $80 is made, how many months will it take to pay off the credit card? b. What is the total amount that would be spent to pay off the $1,300 if the monthly payment is $80? 5. What are some reasons the interest rates on credit cards vary? 6. What are your opinions on having and using credit cards for your purchases