Suppose your credit card balance is $15,000 the minimum payment is $358 in annual percentage rate is 18.2%.

if you make a constant monthly payment of $358 how long will it take you to pay off the credit card balance and how much interest will you pay if you would like to make the minimum payment?

Score: 0 of 5 pts 8 of 20 (10 complete) X Problem 4.LO2.23 Suppose your credit card balance is $15,000. The minimum payment is $358, and the annual percentage rate is 18.2%. a. If you make a constant monthly payment of $358, how long will it take you to pay off the credit card balance? b. How much interest will you pay if you elect to make the minimum payment? a. If you make a constant monthly payment of $358, how long will it take you to pay off the credit card balance? months (Round to four decimal places.)