Question: Usoper = p ( 1 n ) ( [ 1 - ( 1 1 n ) - ] 1 0 ] 1 0 card has

Usoper =p(1n)([1-(11n)-]10]10 card has a balance of $5700 and an annual interest rate of 16%. You decide to pay off the balance over five years. there are no further purchases charged to the card,
a. How much must you pay each month?
b. How much total interest will you pay?
a. The monthly payments are approximately $
(Do not round until the final answer. Then round to the nearest dollar as needed.)
The credit card with the transactions described in the popup below uses the average daly balance mehod to calculate interest. The monthly interest rate is 1.5% of the average daily balance Calculate parts a-d using the statement in the popup.
Click the icon to view the credit card statement.
a. Find the average daly balance for the biling peniod. Round to the nearest cent.
The average daily balance for the billing period is ?
(Round to the noarest cent as neoded.)
Credit Card Statement
\table[[Transaction Description,Transaction Amount],[Previous balance, $264866,],[June 1 Billing date,],[June 6 Payment,$1300.00 creda],[June 8 Charge Gas,53428513654
Usoper = p ( 1 n ) ( [ 1 - ( 1 1 n ) - ] 1 0 ] 1

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