Scenario A: You have a credit card bill of $1,250 for April. You don't want to have to deal with the accumulating interest rate, so you pay off your entire bill as soon as you get paid. It is now May, and you want to buy a new bag for the beach to get ready for summer. Your bag costs $75 and you charge it to your credit card. Your credit card has an APR of 19.5% and every month you are responsible for paying 5% of your starting balance as a minimum payment. You get sick so you don't work for a while, and as a result you are forced to only make the minimum payments on your bag. 4. What is your starting balance? 5. What is the minimum payment you must make