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22. A credit card company charges a minimum monthly payment of $20 if the balance is less than $300. If the balance is greater than
22. A credit card company charges a minimum monthly payment of $20 if the balance is less than $300. If the balance is greater than $300 the credit card determines the minimum payment by adding 1/36th of the outstanding balance to the new finance charge. The credit card charges.065% per day in interest. Assume 30 days in the billing cycle. a. Find the minimum monthly payment required for a balance of $1000 b. Find the minimum monthly payment required for a balance of $1800
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