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Your credit card has a balance of $5300 and an annual r terest rate of 1 7% You decide to pay off the balance over

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Your credit card has a balance of $5300 and an annual r terest rate of 1 7% You decide to pay off the balance over five years if there are no urther purchases charged to the card, you must pay $131.70 each month, and you will pay a total interest of $2602.00 Assume you decide to pay off the balance over one year ralher than five. How much more must you pay each month and how much less will you pay in total interest? a omn Use PMT You will pay S-1 more each month. (Round to the nearest cent as needod ) Enter your answer in the answer box and then click Check Answer Clear Al javascripeOoExecise16

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