Question: Usoper = p ( 1 n ) ( [ 1 - ( 1 1 n ) - ] 1 0 ] 1 0 card has
Usoper card has a balance of $ and an annual interest rate of 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 of the average daily balance Calculate parts ad 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
tableTransaction Description,Transaction AmountPrevious balance, $June Billing date,June Payment,$ credaJune Charge Gas,
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