Question: please answer A-E i am very confused 11. Use the Previous Balance Method to answer the questions below. BE SURE TO SHOW ALL WORK. Emily's
11. Use the Previous Balance Method to answer the questions below. BE SURE TO SHOW ALL WORK. Emily's credit card statement shows a balance of S563 89 on May 5th, the billing date. For the period ending June 5th, she had the following transactions: May 7 Charge: Clothing....... $89.75 May 14 Charge: Gas.... $31.23 May 20* Charge: Groceries.....$120.34 May 214 Charge: Oil Change... $42.37 May 24th Charge:Gas... $29.65 A. Determine the finance charge on May 5 by using the previous balance method. Assume that the interest rate is 1.3% per month B. Determine the new account balance on June 5 using the finance charge from part (A), C. Determine the average daily balance for the period. pute Delete of Dyr DXD My 5 563 ZE 7 MICS 20 ? 1 My CMS my87724 D. Determine the finance charge on June 5 by using the average daily balance method. Assume that the interest rate is 1.3% per month. 3 E. Determine the new account balance on June 5" using the finance charge found in part (0)
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