Suppose you have a balance of $15000 on your credit card, which has an of APR 24% and requires a minimum payment of 2%. You will stop charging and begin making only the minimum monthly payment....

Extracted text: Suppose you have a balance of $15000 on your credit card, which has an of APR 24% and requires a minimum payment of 2%. You will stop charging and begin making only the minimum monthly payment. Complete the following sentences. 1. The balance on your account after 24 minimum monthly payments is S Round your final answer to the nearest penny and do not include the s in your answer. 2. It will take minimum monthly payments for the balance of the account to drop below $3750.