Suppose your credlt card has a balance of $7,200 and an annual Interest rate of 14%. You decide to pay of! the balance over three P [L] years. If there are no further purchases charged to the card. n (a) How much must you pay each month? Use PMT = _m (b) How much total Interest will you pay? [1 _ [1 + L] :I Now suppose declde to pay all the balance over one year rather than three. n (c) How much more must you pay each month? to determine the payment (d) How much less will you pay In total Interest? amount Round to the nearest dollar. 4E-v-\"_"\" O A. ()5256 o e. (a) 3246 (b) $2.016 (b) $1.656 (c) 5400 more per month; (c) $400 more per month (d) $1.344 less in total Interest (d) $1,104 less In total Interest . (a) $246 . (a) 5256 (b) 5552 (b) $572 (o) $400 more per month (c) 5400 more per month; to) $1.104 less In total Interest (d) $1.344 less in total interest