Rachel has developed a plan to start paying off her credit card debt, and has stopped making purchases with her credit card. She has a credit card balance of $1,120. 87. Her card has an APR of 14. 12%, compounded monthly, and has a minimum monthly payment of 3. 15% of the total balance, which is calculated after the monthly interest. Rachel has decided to pay off her debt by making identical monthly payments over a period of two years. If she starts this month, how much greater will her first payment be than the minimum payment required? (Round final answer to the nearest dollar. ) a. $17 b. $14 c. $19 d. $11.