Your friends were excited to hear you have chosen accounting for a career. They have several practical questions regarding money and interest (time value of money). Please assist your friends by answering their respective questions. For each question: A. Estimate without using a text table, business calculator, or EXCEL formula functions, etc. B. Document the step-by-step" detail showing them how you solved the question. NOTE: To solve use one of the following: EXCEL formula functions => i.e. spmt(rate, nper,pv,[fv], [type]) Business calculator Text tables (not recommended). . Include all the detail steps for whichever tool you choose. For example, if using EXCEL show all formulas (copy so reader could duplicate your work). If using a business calculator, in detail in proper order show numbers and buttons you input to obtain your answer. C. Provide a one to three sentence written explanation to your friend explaining the basic time value of money concept(s) impacting the solution. Friend #2 - Credit Card Debt - How long will it take me to pay off my credit card balance of $3.750? The credit card company is charging 10% interest. I can afford to pay $150/month, but would prefer to pay $100/month because I want to continue my cable service. Please show me the answer to both scenarios. A. B. C