You owe $1.100 on your credit card The annual percentage rate (APR) is 21%, compounded monthly The credit card company indicates that your minimum monthly payment is $22 40 m If you make only the minimum monthly payment how long will it take for you to replay the $1, 100 balance (assuming no more charges on the credit card are made)? b. If you make a payment of $32.78 each month, how long will it take to repay the $1.100 balance? c. Compare the total interest paid in Part (a) with the total interest part(b) a. It will take months for you to repay the initial balance b. It will take months for you to repay the initial balance c The difference in the total interest paid in Part (a) and Part (b) is $