You stopped using your credit card in January to reduce your debt of $3,250. The minimum payment for your card is $47 per month, but you choose to pay $147 instead. The billing cycle for your card runs from the 10th of the month through the 9th of the following month. You always make your payment on the 21st of the month. Assume your billing cycle begins January 10th. You use the card on the 14th to by new shoes for $117.40 and again on the 25th to go out for dinner for $45.85. Then you stop using the card altogether. For the month of January, find the average daily balance on your credit card, the interest charged (dollar amount), and the new balance for this billing cycle if your interest rate is 14.2%. Then create a table to show these three calculations and the first year of monthly payments (12 months). How long do you think it will take you to resolve the debt? Explain why. Estimate how much interest you are going to pay in an attempt to resolve your debt.