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Question 5 6 pts a 5. You have $5,000 on a credit card at 17.99% APR compounded monthly SHOW ALL YOUR WORK FOR ALL PARTS

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Question 5 6 pts a 5. You have $5,000 on a credit card at 17.99% APR compounded monthly SHOW ALL YOUR WORK FOR ALL PARTS ON PAPER. (Could be a formula or what you typed into the solver) a. How much interest would you pay the first month? First month's interest: b. If you want to pay the credit card off in 4 years, how much would you have to pay each month? Monthly payment: If you only paid the minimum payment of $120 each month, how long would it take to pay off the credit card? Round your answer to the nearest tenth of a year. Years to pay off credit card

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