You have a credit card with an APR of 20%. You begin with a
balance of $750. In the first month you make a payment of $550 and
you make charges amounting to $400. In the second month you make a
payment of $400 and you make new charges of $550.
Complete the following table. (Round your answers to the nearest
cent.)
Previous balance |
Payments | Purchases | Finance charge |
New balance |
|
---|---|---|---|---|---|
Month 1 | $750 | $ | $ | $ | $ |
Month 2 | $ | $ | $ | $ | $ |
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