1. You owe $976.34 on a credit card that has an interest rate of 10.75% APR. You pay $100.00 at the end of each month. Calculate the difference between the interest accrued by a $976.34 balance on the credit card and what $100.00 would earn in a savings account that has an interest rate of 2.75% APR over the span of one month. 2. How much is paid toward the credit card principal at the end of the first month?