Your credit card has a balance of $5700 and an annual interest rate of 17%. You decide to pay off the balance over four years. If there are no further purchases charged to the card, you must pay...

Extracted text: Your credit card has a balance of $5700 and an annual interest rate of 17%. You decide to pay off the balance over four years. If there are no further purchases charged to the card, you must pay $164.45 each month, and you will pay a total interest of $2193.60. Assume you decide to pay off the balance over one year rather than four. How much more must you pay each month and how much less will you pay in total interest? Use PMT= -to determine the regular payment amount. You will pay $more each month. (Round to the nearest cent as needed.) You will pay $ less in total interest. (Round to the nearest cent as needed.)