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show all steps please Joanna uses her credit card to finance a $800 purchase. Her card charges an annual interest rate of 21.75%, compounded monthly,

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Joanna uses her credit card to finance a $800 purchase. Her card charges an annual interest rate of 21.75%, compounded monthly, and assumes a 5y lem. If Joanna makes no further purchases on her credit card, the monthy payment is $21.98. Complete the fint two lines of an amortization schedule for the situation. How is the balance on the fint line on the amortization schedule found? A. The balance on the frat ine is the monthly payment. B. The balance on the frat ine is the total anount paid. C. The balance on the frat ine is the balance remaining on the loan after one payment. D. The balance on the frst line is the starting batance of the loan. Describe the procedure of completing a line of an amoruation schedus. Copose the correct answer below. A. Piace the monthly payment under the payment column. To find the portion to interest, multply the balance by me monthly interest rale. To find the pertion to principal, subtract the portion to inferest from the monthly poyment. To find the new balance, subtract the portion to principal from the balance. B. Place the monthily payment under the payment column. To find the portion to interest, multiply the balance by the monthy interest rate To find the portion to principal, subtract the portion to interest from the monthly poyment. To find the new balance, suberact the portion is interest from the balance. c. Place the monthily payment under the payment column. Fo find the portion to interest, multiply the balance by the annual interest rate. To find the portion to principal, subtract the portion to inferest from the monthly payment. To find the new balance, subtract the portion to principal from the balance. Complete the amortization schedule below

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