Question 2 (5 points) Suppose you lose your job and decide to charge some of your grocery bills because you do not have any emergency savings fund to draw from. An average monthly grocery bill for a family of 4 is approximately $600. In the year you were out of work you managed to charge $3,600 in groceries on your credit card which has an annual interest rate of 16.99%. Assume that you only pay the minimum payment of 3% per month or $25 (whichever is greater), and also that you make no other purchases with your credit card. a. Set up an amortization table to show the month-by-month history of your balance. Paste the first five months of the table into the space below. (3 points) b. How many months will it take you to pay off your balance? Type your answer in the space below. (1 point) c. How much interest will you pay? Type your answer in the space below. (1 point) Question 2 (5 points) Suppose you lose your job and decide to charge some of your grocery bills because you do not have any emergency savings fund to draw from. An average monthly grocery bill for a family of 4 is approximately $600. In the year you were out of work you managed to charge $3,600 in groceries on your credit card which has an annual interest rate of 16.99%. Assume that you only pay the minimum payment of 3% per month or $25 (whichever is greater), and also that you make no other purchases with your credit card. a. Set up an amortization table to show the month-by-month history of your balance. Paste the first five months of the table into the space below. (3 points) b. How many months will it take you to pay off your balance? Type your answer in the space below. (1 point) c. How much interest will you pay? Type your answer in the space below. (1 point)