Question: & (18 points) Spencer's MasterCard has a billing cycle that runs from the 12 of each month to the 11 of the next month. Currently,

& (18 points) Spencer's MasterCard has a billing cycle that runs from the 12 of each month to the 11" of the next month. Currently, the APR for the card is 19.2%. The following table shows his transactions for the period between March 12 and April 11". DATE CHARGE AMOUNT March 12 Previous Balance $212.00 March 16 Socks March 25 $29.38 5112.51 587.43 $150.00 Groceries Art Supplies PAYMENT April 1 April April Ostrich $400.00 Use the following table to help you calculate the average daily balance on Spencer's MasterCard for the current billing period (remember, there are 30 days in March): PERIOD OF MONTH BALANCE NUMBER OF DAYS Average Daily Balance: Periodic Interest Rate: Finance charge over billing cycle How much will the balance be on Spencer's credit card bill on April 11

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