You owe $3,745 on your credit card. You are determined that you will not charge another purchase because you want to get this debt paid in full. The card has an EAR of 14.9 percent compounding monthly. How much longer will it take you to pay off this balance if you make monthly payments of $60 rather than $75?

a. 7.75 months

b. 7.91 months

c. 8.00 months

d. 8.10 months

e. 8.16 months