13) We also discussed a few ways to calculate credit card finance charges. Find TWO different...

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13) We also discussed a few ways to calculate credit card finance charges. Find TWO different credit card options online and compare them. The cards should be from TWO DIFFERENT companies to be counted for credit. Assume the current month is January for all calculations (31 days). a) If you charged $212 for the first month of having the card, what would your finance charge be with BOTH cards? If you have a special introductory interest rate, you can use it for this part of the problem. b) If you already owed $567 and charged another $314 this month and made a payment of $125, what is your finance charge for the end of THIS month (so calculate last month and this month's finance charges as needed). Calculate for BOTH credit card options. If you have a special introductory interest rate, ASSUME that special time period is OVER it for this part of the problem. This means that the calculations will use the usual credit cards interest rate. c) Compare the TWO credit card options now that you have some calculations to do so. Which card seems like a better option for you? Why? 13) We also discussed a few ways to calculate credit card finance charges. Find TWO different credit card options online and compare them. The cards should be from TWO DIFFERENT companies to be counted for credit. Assume the current month is January for all calculations (31 days). a) If you charged $212 for the first month of having the card, what would your finance charge be with BOTH cards? If you have a special introductory interest rate, you can use it for this part of the problem. b) If you already owed $567 and charged another $314 this month and made a payment of $125, what is your finance charge for the end of THIS month (so calculate last month and this month's finance charges as needed). Calculate for BOTH credit card options. If you have a special introductory interest rate, ASSUME that special time period is OVER it for this part of the problem. This means that the calculations will use the usual credit cards interest rate. c) Compare the TWO credit card options now that you have some calculations to do so. Which card seems like a better option for you? Why?