Directions: Read the problems and supply the missing term below. [) As of this month's cut-off date, the current total amount due from your purchases using your credit card is PhP99,386.59. The minimum required payment is 5% of the total amount due. If you pay only the minimum required payment, a financing charge of 3.4% of the remaining balance will be charged to the next bill. Assuming you will refrain from using your credit card on any of your purchases for the next 3 months and you pay only the minimum, required balance each month, compute your expected monthly bill for the next 3 months. Assume also that you always pay on or before the due date. Assuming no- credit bill transactions for the next 3 months and only the minimum required payment each month is being paid, the table below will show the monthly total amount due from March to June.payment each m March to June Minimum required payment Month Total Amount Due for the Month for the month 0.05(99,386.59) March 99,386.59 = 4,969.33 (99,386.59 - 4,969.33) + 0.034(99,386.59 - 4,969.33) .05(97;627.45) April = 94, 417.25 + 034(94, 417.26) = 4,881.37 = 1.034(94, 417.26) = 97,627.45 Solution: Answer May Solution: Answer: June