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[5 Points] You are carrying a balance of $1,083 on your credit card. Use Excel...

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[5 Points] You are carrying a balance of $1,083 on your credit card. Use Excel to determine how long it will take you to pay off the entire balance if you are making a minimum monthly payment of $43 and you are not making any additional purchases on your credit card. Attach the excel sheet to show your work. (Assume APR of 21% compounded monthly.) a) How many years will it take? [3 Points] b) How much interest will you pay in total? [2 Points]

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