Question: 11.) Solve using the average daily balance method to compute the finance charge on the credit card for the previous month. Month: February Previous months

11.) Solve using the average daily balance method to compute the finance charge on the credit card for the previous month.

Month: February

Previous months balance: $1,250

Interest rate: 20%

February 3: Made payment of $330

February 12: Charged $328

February 21: Charged $40

February 22: Charged $69

12.) Solve using the formula for the future value of an ordinary annuity. given the monthly payment, R, the interest rate, r, and the number of monthly payments, nt, find the future value of the annuity.

R: $1,300

r: 8.5%

nt: 17

13.) for an amortized loan, you are given the loan, annual interest rate, and length of the loan. Find the monthly payment neccesary to pay off the loan.

Amount: $10,000

Rate: 8.5%

Time: 3 years

All 3 questions please!

11.) Solve using the average daily balance method to compute the

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