You are delinquent on one of your credit cards. You have agreed with the bank to make payments of $1,200 per month starting the end of this month. The interest rate on the balance is 2% per month. If you owe $47,693.42, how long will it take for the account to be paid off? 121.2 months o It will never be paid off. 40.00 months 80.00 months 62.42 months