Suppose you have a balance of $3000 on a credit card. Using the formula from Part G, consider the following scenarios: 1. The APR (Annual Percentage Rate) is 14.24% You make the minimum payment of $120 per month. How long does it take you to pay off your debt? How much do you end up spending in total?
2. The APR is 25.24%. You make the minimum payment of $120 per month. How long does it take you to pay off your debt? How much do you end up spending in total?
3. The APR is 25.24%. You pay more than the minimum payment. You decide to pay an extra $50 per month. So you pay $170 per month. How long does it take you to pay off the loan? What is your total cost? How much do you save compared to making the minimum payment?
4. Why is it important to make more than a minimum payment?

Craig complained to his friend jess that a class was too hard and he believed that the teacher was not being fair with his grading standards. jess replied, "craig, you really have an attitude problem." what is the relationship between the manner that the term attitude is used in common conversation and the how it is defined in consumer behavior? there is no relationship. common usage is not the same as attitudes as seen by the researchers who study consumer behavior. the term attitude is widely used in popular culture in much the same way it is used in studying consumer behavior. they are different in that popular culture does not recognize that attitudes are temporary. otherwise the usage is the same. they are similar except that popular culture assumes that attitudes are related to beliefs, and research scientists have shown that there is no such relationship.