Unit 2: Finance 4- Your credit card has a balance of 53300 and an annual interest rate of 14. You decide to pay off the balance over two years. If there are no further purchases charged to the card, you must pay $158.40 each month, and you will pay a total interest of $501 60. Assume you decide to pay off the balance over one year rather than two How much more must you pay each month and how much less will you pay in total interest 1-1+ the following Use formula to determine the regular payment amount. You will pays more each month (Round to the nearest cent as needed) You will pays less in total interest (Round to the nearest cent as needed.) Explain/Show work: Unit 2: Finance P. d1-(+-)" Your credit card has a balance of $3300 and an annual interest rate of 14%. You decide to pay off the balance over two years. If there are no further purchases charged to the card, you must pay $158.40 each month, and you will pay a total interest of $501.60. Assume you decide to pay off the balance over one year rather than two. How much more must you pay each month and how much less will you pay in total interest? -N Use the following formula to determine the regular payment amount. You will pay $ more each month (Round to the nearest cent as needed) You will pay $ less in total interest (Round to the nearest cent as needed) Explain/Show work