You are broke and furnishing your first apartment after leaving the dorms (yeah!) You make a purchase for $7, 500 on your credit card for all types of miscellaneous things you need. The credit card has an annual interest rate of 15.99%, the student rate you received when you were in college. If you pay the minimum payment of 2% per month (not less than $25), What is your balance after 3 years (36 months), assuming you make no other purchases with your credit card? Again you are paving the minimum amount only. Make a table in Excel that looks like: (you can copy and paste this - it will work) and continue the pattern. The Excel function MAX will calculate which value is the greater option between minimum payment of 2% or $25