Example #1: Solution What is the APR (C11)? (92.7 * * *Only Input information in Pink boxes' * *Put in the Balance, Min Payment & A Your answer 10 Mink um Monthly Payment 11 APR 11.10 . . Then put in the actual payment" es 12 13 Previous Balanin APE France Charge Payment Made Remaining Balance Payment by & 5452.77 50.DO 12.53 16 End of Month 1415 30 7.51 17 End of Month $132 81 $0.DO $0.00 18 End of Month A 50.00 $0 0 19 End on Mouth S sa.Del 20 What is the Payment Made at the End of Month 1 (E15)? * 21 22 Total Interest Paid Total Amount Fold 23 Your answer Enter the values into the calculator: Balance (C9) = 692.77 APR (C11) = 21.7% Payment Made at End of Month 1 (E15) = 290 What is the Payment Made at the End of Month 2 (E16)? * Payment Made at End of Month 2 (E16) = 290 Payment Made at End of Month 3 (E17) = 135.21 ($132.81 previous balance + $2.40 finance charge) Your answer The total cost of the purchase (F23) is $715.21. $290 + 290 + 135.21 = $715.21 What is the Payment Made at the End of Month 3 (E17)? * ***Re-test Question #1*** Your answer Newton uses a credit card with an 18.6% APR, compounded monthly, to pay for a cruise totaling $1,920.96. He can pay $720 per month on the card. What will the total cost of this purchase be? What is the total cost of the purchase (F32)? * What is the Balance (C9)? * Op