Question content area top Part 1 Suppose that on January 1 you have a balance of ​$5800 on a credit card whose APR is 16

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Question content area top
Part 1
Suppose that on January 1 you have a balance of
​$5800
on a credit card whose APR is
16​%,
which you want to pay off in
5
years. Assume that you make no additional charges to the cardafter January 1.
a. Calculate your monthly payments.
b. When the card is paid​ off, how much will you have paidsince January​ 1?
c. What percentage of your total payment​ (part b)is​ interest?
Question content area bottom
Part 1
a. The monthly payment is
​$enter your response here.
​(Do not round until the final answer. Then round to the nearestcent as​ needed.)
Part 2
b. The total paid since January 1 is
​$enter your response here.
​(Use the answer from part a to find this answer. Round to thenearest cent as​ needed.)
Part 3
c. The percentage of the total paid that is interest is
enter your response here​%.
​(Use the answer from part b to find this answer. Round to onedecimal place as​ needed.)