-19 POINTS CRAUDQL3 4.4.013. MY NOTES ASK YOUR TEACHER You have a credit card with an APR of 20%. You begin with a balance of $800. In the first month you make a payment of $500 and you make charges amounting to $300. In the second month you make a payment of $300 and you make new charges of 5700. Complete the following table. (Round your answers to the nearest cent.) Payments Purchases balance Month 1 $800 $800 $ Month 2 $ Finance charge New balance eBook MY NOTES -19 POINTS CRAUDQL3 4.4.015. ASK YOUR TEACHER You have a credit card with an APR of 21.8%. You begin with a balance of 51200, in response to which you make a payment of $200. The first month you make charges amounting to $550. You make a payment of $200 to reduce the new balance, and the second month you charge $700. Complete the following table. (Round your answers to the nearest cent.) Previous Finance New balance Payments Purchases charge balance Month 1 51200 Month 2 5 eBook -/9 POINTS CRAUDQL3 4.4.017. MY NOTES | ASK YOUR TEACHER Assume that you start with a balance of $5000 on your Visa credit card. During the first month, you charge $400, and during the second month, you charge $300. Assume that Visa has finance charges of 30% APR and that each month you make only the minimum payment of 2% of the balance. Complete the following table. (Round your answers to the nearest cent.) Minimum payment Purchases Finance charge New balance balance 55000.00 Month 1 Month 2 5 Bank -19 POINTS CRAUDQL3 4.4.013. MY NOTES ASK YOUR TEACHER You have a credit card with an APR of 20%. You begin with a balance of $800. In the first month you make a payment of $500 and you make charges amounting to $300. In the second month you make a payment of $300 and you make new charges of 5700. Complete the following table. (Round your answers to the nearest cent.) Payments Purchases balance Month 1 $800 $800 $ Month 2 $ Finance charge New balance eBook MY NOTES -19 POINTS CRAUDQL3 4.4.015. ASK YOUR TEACHER You have a credit card with an APR of 21.8%. You begin with a balance of 51200, in response to which you make a payment of $200. The first month you make charges amounting to $550. You make a payment of $200 to reduce the new balance, and the second month you charge $700. Complete the following table. (Round your answers to the nearest cent.) Previous Finance New balance Payments Purchases charge balance Month 1 51200 Month 2 5 eBook -/9 POINTS CRAUDQL3 4.4.017. MY NOTES | ASK YOUR TEACHER Assume that you start with a balance of $5000 on your Visa credit card. During the first month, you charge $400, and during the second month, you charge $300. Assume that Visa has finance charges of 30% APR and that each month you make only the minimum payment of 2% of the balance. Complete the following table. (Round your answers to the nearest cent.) Minimum payment Purchases Finance charge New balance balance 55000.00 Month 1 Month 2 5 Bank
