Question: 2 16. Calculate the next 3 months billing cycle using the information below. APR is 15.92% with a starting balance of $225. Assume you only

2 16. Calculate the next 3 months billing cycle using the information below. APR is 15.92% with a starting balance of $225. Assume you only make the minimum payment each month which is 55% Month Carry Over Balance Finance Charge New Balance Minimum Payment 1 225 3.00 2.95 3 52 221.35 2/3,07 = $791.88 233.00 279.50* 11.05

all the correct answers are there. just looking for how to get there. what steps do I need to take to get these answers if that makes sense. thanks.

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