$10$

You have a $$1,150$ balance on your $12\%$ credit card. You have lost your job and been unemployed for $6$ months. You have been unable to make any payments on your balance. However, you received a tax refund and want to pay off the credit card.

$4\mathrm{.}5$

points

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References

a$.$ How much will you owe on the credit card if you have not made a payment for $6$ months? Note: Round your answers to the nearest cent.

$\backslash$table$[[,$Amount owed$],[1$ month,$],[2$ months,$],[3$ months,$],[4$ months,$],[5$ months,$],[6$ months,$]]$

b$.$ How much interest will have accrued?

Note: Round your answer to the nearest cent.

Interest accruad

c$.$ What will be the effective rate of interest after the $6$ months?

Note: Round your answer to the nearest hundredth percent.