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Suppose that on January 1 you have a balance of $5400 on a credit card whose APR is 14%, which you want to pay off

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Suppose that on January 1 you have a balance of $5400 on a credit card whose APR is 14%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1 a. Calculate your monthly payments b. When the card is paid off, how much will you have paid since January 17 c. What percentage of your total payment from part(b) is interest? The monthly payment is (Do not round until the final answer. Then round to the nearest contas neded) b. The total paid since January 111 (Use the answer from part() to find this answer Round to the nearestent as needed) c. The percentage of the total paid that is interest is (Use the answer from part (b) to find this answer. Round to one decimal place as needed)

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