You owe $1,300 on your credit card. The annual percentage rate APR) is 15%, com pounded on y The edit card company indicates that you m ummor y payment is $21.05. a. If you make only the minimum monthly payment, how long will it take for you to repay the $1,300 balance (assuming no more charges on the credit card are made)? b. If you make a payment of $31.28 each month, how long will it take to repay the $1,300 balance? c. Compare the total interest paid in Part (a) with the total interest paid in Part (b). a. It will takemonths for you to repay the initial balance. (Round to the nearest whole number.) b. It will take months for you to repay the initial balance. (Round to the nearest whole number.) c. The difference in the total interest paid in Part (a) and Part (b) is (Round to the nearest dollar.)