QUESTION 6 Jim has an outstanding credit card balance of $5,000 carrying an APR finance rate of 25.0% (note interest will be compounded monthly) and requiring minimum monthly payments of $200 per month - If only the minimum monthly payment is made, how many months will it take to completely pay off this credit card balance (assuming no new charges)? O 38.6 25.0 36.8 35.7 QUESTION 7 "Compute the future value in year 4 of a $1,000 deposit in year 1 and another $1,500 deposit in year 3 using an 5.0% interest rate (assume annual compounding)" $2,500.00 $2,790.51 $2,248.14 $2,732.63