You charged $1,500 on your credit card for Christmas presents. Your credit card company you 24.99% annual interest, compounded monthly. If you make the minimum payments per month, how long (in years) will it take to pay off your balance? 1) 2.50 years 2) 5.28 years 3) 3.96 years 4) 4.39 years You charged $1,500 on your credit card for Christmas presents. Your credit card company you 24.99% annual interest, compounded monthly. If you make the minimum payments per month, how long (in years) will it take to pay off your balance? 1) 2.50 years 2) 5.28 years 3) 3.96 years 4) 4.39 years