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Suppose your credit card balance is $15500 . The minimum payment is $319, and the annual percentage rate is 20.1%. a.If you make a constant

Suppose your credit card balance is $15500 . The minimum payment is $319, and the annual percentage rate is 20.1%.

a.If you make a constant monthly payment of $319, 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?

Please use Excel to solve and show all formulas.

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