1. You have a credit card balance of $2,406.93. You quit using the card and make monthly payments of $200. Assuming your interest rate is 18%, how long will it take you to pay off the balance?
2. You deposit $6,000 at the end of each of the next four years into an account that pays 15 percent annually. What is the account balance at the end of 12 years?
3. Explain business impact analysis.