How many years will it take each friend to pay off their credit card debt? (Assuming they are not using their cards at all until their debt is payed off). Be sure to write your answers with at least one decimal place for ease of grading. Now that the holidays have come to an end, three of your friends are talking about how they maxed out their credit cards. You offer your help to them because you are an economics genius. Your friends offer how much they owe and how much interest they have, and want to know how long it's going to take them to pay it all back. Friend 1 -Owes $800 -Annual interest is 12% -Pays $60 a monthFriend 2 -Owes $1200 -Annual interest of 8% -Pays $100 a monthFriend 3 -Owes $1100 -Annual interest is 10% -Pays $40 a month