Q1. If you have a credit card with 14.4% APR a. What is your monthly interest rate and what is your annual effective interest rate?

Q1. If you have a credit card with 14.4% APR

a.    What is your monthly interest rate and what is your annual effective interest rate?

b.    If you have an outstanding balance of $1,800 on that card what would be the balance if you skipped 4 months payments (ignore credit card fees and penalties)