Question: MY NOTES PRACTICE ANOTHER You have a credit card with an APR of 20%. You begin with a balance of $900. In the first

MY NOTES PRACTICE ANOTHER You have a credit card with an APR

MY NOTES PRACTICE ANOTHER You have a credit card with an APR of 20%. You begin with a balance of $900. In the first month you make a payment of $500 and you make charges amounting to $400. In the second month you make a payment of $400 and you make new charges of $700. Complete the following table. (Round your answers to the nearest cent.) Previous balance Payments Purchases Finance charge New balance Month 11 $900 $ 500 $ 400 $13.28 x $ 813.28 x Month 2 $ 813.33 $300 $ 550 x $

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