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Question 6 (1 point) Your credit card has an EFFECTIVE rate of 30%. You can pay off your credit card debt in 14 months by

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Question 6 (1 point) Your credit card has an EFFECTIVE rate of 30%. You can pay off your credit card debt in 14 months by paying $400 each month. What is the current balance on your credit card? A/ Question 7 (1 point) Starting today, you invest $50 at the beginning of each month into stocks that are expected to earn 11% per year. How much will your investment be worth in 40 years? A

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