Assume that you start with a balance of $3700 on your credit card. During the first...
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Assume that you start with a balance of $3700 on your credit card. During the first month, you charge $600, and during the second month, you charge $750. Assume that your credit card charges a 27% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table. (Round your answers to the nearest cent.) Previous Finance Charge Balance (+) Purchases (+) Payments (-) New Balance Month 1 Month 2 Assume that you start with a balance of $3700 on your credit card. During the first month, you charge $600, and during the second month, you charge $750. Assume that your credit card charges a 27% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table. (Round your answers to the nearest cent.) Previous Finance Charge Balance (+) Purchases (+) Payments (-) New Balance Month 1 Month 2
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