You have $$20,000$ of credit card debt with a rate of interest of $14\%.$ How long would it take to pay it off, if you make monthly payments of $$285\mathrm{.}10$ and if you never use the card again?

$147$ months

$150$ months

$152$ months

$154$ months.

Question $19$

$1$ pts

Based on the correct answer to the previous question, how much total interest would you have paid?

$$24,048\mathrm{.}11$

$$17,054\mathrm{.}70$

$$25,050\mathrm{.}70$

$$21,909\mathrm{.}70.$

Question $20$

$1$ pts

A zero$-$coupon bond matures at the end of $30$ years when it will pay $$1,000.$ How much would the bond sell for today if the market rate of interest $($yield to maturity$)$ is $5\mathrm{.}5\%?$

$$151\mathrm{.}19$

$$361$

$$275$

$$200\mathrm{.}64.$