(Annuity payments) Calvin Johnson has a $5,000 debt balance on his Visa card that charges 12.9 percent APR compounded monthly. In 2009, Calvin's minimum monthly payment is 3 percent of his debt balance, which is $150. How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $150 at the end of each month? In 2010, as the result of a federal mandate, the minimum monthly payment on credit cards rose to 4 percent. If Calvin made monthly payments of $200 at the end of each month, how long would it take to pay off his credit card? C

(Annuity payments) Calvin Johnson has a $4,500 debt balance on his Visa card that charges 17.6 percent APR compounded monthly In 2009, Calvin's minimum monthly payment is 2 percent of his debt balance, which is $90. How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $90 at the end of each month? In 2010, as the result of a federal mandate, the minimum monthly payment on credit cards rose to 3 percent. If Calvin made monthly payments of $135 at the end of each month, how long would it take to pay off his credit card? a. If Calvin made monthly payments of $90 at the end of each month, how long would it take to pay off his credit card? months (Round up to the nearest unit.) b. If Calvin made monthly payments of $135 at the end of each month, how long would it take to pay off his credit card? months (Round up to the nearest unit.)

Calvin Johnson has a ​$5,000 debt balance on his Visa card that charges 13.8 percent APR compounded monthly. In​ 2009, Calvin's minimum monthly payment is 2 percent of his debt​ balance, which is ​$100. How many months​ (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $100 at the end of each​ month? In​ 2010, as the result of a federal​ mandate, the minimum monthly payment on credit cards rose to 3 percent. If Calvin made monthly payments of ​$150 at the end of each​ month, how long would it take to pay off his credit​ card?

Calvin Johnson has a $4,000 debt balance on his Visa card that charges 13.8 percent APR compounded monthly. In​ 2009, Calvin's minimum monthly payment is 3 percent of his debt​ balance, which is $120.How many months​ (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $120 at the end of each​ month? In​ 2010, as the result of a federal​ mandate, the minimum monthly payment on credit cards rose to 4 percent. If Calvin made monthly payments of ​$160 at the end of each​ month, how long would it take to pay off his credit​ card? a.  If Calvin made monthly payments of ​$120 at the end of each​ month, how long would it take to pay off his credit​ card?