You have a credit card balance of $2,406. You quit using the card and make monthly payments of $100. Assuming your interest rate is 15%, if you wanted to figure out how long will it take you to pay off the balance what would you enter for the interest rate? 1.25% 15.25% 7.5% 1.50% QUESTION 16 You have a credit card balance of $2,406. You quit using the card and make monthly payments of $100. Assuming your interest rate is 15%, if you wanted to figure out how long will it take you to pay off the balance what would you enter for the present value? -2406 100 2406 -100 0 QUESTION 17 You have a credit card balance of $2,406. You quit using the card and make monthly payments of $100. Assuming your interest rate is 15%, if you wanted to figure out how long will it take you to pay off the balance what would you enter for the payment? 100 100 15 -15 0