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Suppose that on January 1 you have a balance of $4500 on a credit card whose APR is 17%, which you want to pay off

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Suppose that on January 1 you have a balance of $4500 on a credit card whose APR is 17%, 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 1? a. The monthly payment is s (Do not round until the final angwer. Then round to the nearest cent as needed.) . The total paid since January 1 is $ (Use the answer from part (a) to find this answer. Round to the nearest cont as needed.)

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