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Suppose that on January 1 you have a balance of $ 2 5 0 0 on a credit card whose APR is 1 2 %

Suppose that on January 1 you have a balance of $2500 on a credit card whose APR is 12%, 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 January1?
c. What percentage of your total payment from part(b) is interest?

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