1. You have a credit card with an APR of 23%. The terms of your agreement say that your minimum payment is 3% of your balance or $25, Whichever is greater." You rack up $540 in charges. Use this calculator(https://www.creditcards.com/calculators/minimum-payment/) to determine how long it will take you to pay off this debt if you make minimum monthly payments. (6.3)

a. less than 1 year

b. 1 year and 5 months

c. 2 years and 5 months

d. None of the above.