A. Consider purchases using a credit card 1. Create a list of supplies that you will purchase using a credit card. You must include at least 4 charges to your card. State a date for each between the dates of October 5 and November 4 , the supplier, the products, and the charge amount. 2. For this credit card: a. Your billing period is monthly, and the finance charge is 121% based on your average daily balance. b. Your starting balance at the beginning of the period, October 5 , is $200. c. On October 26 , you make a payment of $100. d. The end of the period is November 4 . 3. For your credit card activity described in part A, calculate each of the following: a. Average Daily Balance b. Finance Charge c. New Balance Show your work. B. Assume that you obtained a 3-year $10,000 simple interest loan at 8% to open your business. The maturity value of the loan is $12,400. Since business is good, at the end of 2 years you make a partial payment of 60% of the $12,400 maturity value of the loan. 1. Calculate 60% of the maturity value. This is the amount of your partial payment. 2. Calculate the amount of interest accumulated for your $10,000 loan by the end of year 2 , prior to making your partial payment. 3. Determine the amount of your partial payment (from B1) applied to principal. 4. Determine the new principal, the amount you still owe after you make the partial payment at the end of year 2 . 5. Calculate the interest on the new principal for the remaining year of the 3-year loan. 6. Determine the amount due at maturity. C. To raise additional capital, you take a $25,000 three-year Installment loan with monthly payments of $760.50. 1. Find the total installment cost. 2. Determine the finance charge. 3. Approximate the APR using the formula from your text (round to the nearest tenth)