Question: 7. [-19 Points DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You have a credit card with an APR of 24%. You begin with a
7. [-19 Points DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You have a credit card with an APR of 24%. You begin with a balance of $750. In the first month you make a payment of $600 and you make charges amounting to $400. In the second month you make a payment of $350 and you make new charges of $600. Complete the following table. (Round your answers to the nearest cent.) Payments Purchases Finance Previous balance 5750 New balance 5 Month 1 Month 2 8. [-19 Points) MY NOTES DETAILS ASK YOUR TEACHER PRACTICE ANOTHE You have a credit card with an APR of 20%. You begin with a balance of $570. In the first month you make a payment of $420 and make new charges of $220. In the second month you make a payment of $280 and make new charges of $120. Complete the following table. (Round your answers to the nearest cent.) Previous balance $570 Payments Purchases New balance Month 1 Month 2 5 5 9. [-19 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you start with a balance of $5000 on your MasterCard. Assume that MasterCard has finance charges of 12% APR and that each month you make only the minimum payment of 3% of the balance. During the first month, you charge $250, and during the second month, you charge $600. Complete the following table. (Round your answers to the nearest cent.) Minimum payment Purchases charge balance Month 1 Finance New Previous balance 55000.00 Month 2 5 so
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