Larry has been paying the minimum balance on his three credit cards each month. He has outlined the minimum payments for the nex
t four months. He decides to snowball his debt after Month 1 according to the interest rate instead of paying the minimum payment. Part 1 (2 points): Explain, using complete sentences, how the total monthly payment will change for each month. Part 2 (2 points): Explain, using complete sentences, how the payments for each credit card will change for each month.
