The couple's credit card charges an annual percentage rate (APR) of 18%, compounded daily, and requires a 5% minimum payment. (0) How long would it take them to pay off their $2,000 balance if they shelve their cards, never use them again, and continue with the ($2,000 x 0.05) = $100 minimum monthly payment required now? (11) How much total interest would they have paid? Page 13 of 17 Calculation of credit card amortization period Calculation of total interest paid