Question: On the April 4 billing date, Michaelle Chappell had a balance due of $1065.77 on her credit card. From April 4 through May 3,

On the April 4 billing date, Michaelle Chappell had a balance due

On the April 4 billing date, Michaelle Chappell had a balance due of $1065.77 on her credit card. From April 4 through May 3, Michaelle charged an additional $402.89 and made a payment of $600. a) Find the finance charge on May 4, using the previous balance method. Assume that the interest rate is 1.6% per month. b) Find the new balance on May 4.

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