Question: Given the table below, how much does the balance decrease after these three payments? Please round to the nearest cent. (3 points) Consider a credit
(3 points) Consider a credit card with an APR of 21.99% and a minimum payment each month of 6% of the new balance. The beginning balance is $675 and no additional charges are made during the next three months and only the minimum payment is made each month. Given the table below, how much does the starting balance decrease after these three payments? Month Starting Balance Finance Charge New Balance Minimum Payment 1 $675 $1237 $687 37 $41.24 2 $646.13 $11.84 5657 97 $39.48 3 5618.49 S11 33 $629.82 $37.79 4 $592.03 XXX XXX Express your answer rounded to the nearest cent S
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