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What are the months, and how much money must you have in your bank account? X Problem 4.LO2.23 Suppose your credit card balance is $15,500.

What are the months, and how much money must you have in your bank account?

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X Problem 4.LO2.23 Suppose your credit card balance is $15,500. The minimum payment is $344, and the annual percentage rate is 19.6%. a. If you make a constant monthly payment of $344, 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 $344, how long will it take you to pay off the credit card balance? 82.0074 months (Round to four decimal places.) Starting one month from now, you need to withdraw $200 per month from your bank account to help cover the costs of your university education. You will continue the monthly withdrawals for the next four years. If the account pays 0.4% interest per month, how much money must you have in your bank account today to support your future needs? How much money must you have in your bank account today to support your future needs? 5(Round to the nearest cent.)

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