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You owe $3,170 on your credit card which has a 17.3% APR. (a) How much interest do you get charged this month on your balance

You owe $3,170 on your credit card which has a 17.3% APR.

(a) How much interest do you get charged this month on your balance of $3,170?

(b) You make a payment of $950. What is your new balance for the nextmonth?

(c) How many total months will it take you to pay off the debt if you continue to make $950 payments each month(the last month you would pay just what youowe)?

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