$-=1$

$=2$

$=3$

$4$

Frank's credit card statement shows a balance of $$1189\mathrm{.}56$ on the first day of the billing cycle. If he makes a payment of $$492\mathrm{.}78$ and charges $$370\mathrm{.}54$ during this billing period, what will his finance charge be $($the interest rate is $1\mathrm{.}7\%$ of the unpaid balance per month$)?$ What will his beginning balance be at the start of the next billing cycle? Round the answers to the nearest cent.

To be able to take her dream vacation, Leila decides to save for $5$ years. She opens a savings account with $$800.$ The account pays simple interest at an annual rate of $5\%.$ She doesn't make any more deposits.

Answer the following questions. If necessary, refer to the list of financial formulas.

To be able to take her dream vacation, Leila decides to save for $5$ years. She opens a savings account with $$800.$ The account pays simple interest at an annual rate of $5\%.$ She doesn't make any more deposits.

Answer the following questions. If necessary, refer to the list of financial formulas.