3 / 5 80% Charge: I-Tunes $19.90 LUSI 7 igust 1 1 Charge: Grocery Store $65.92 Charge: Gas Fill-Up $42.31 ugust 14 And the Average Daily Balance was $4.091.13 a. Calculate the finance charge to be paid on August 17". The card has an APR of 23.99%. (Hint: The number of days in the billing cycle is 31 since July has 31 days) Finance Charge: S b. Find the New Balance on August 17th New Balance: $ Use the following scenario to answer #9-12. You are interested in purchasing a new Honda Fit for $16,190. The sales tax in NC is 7%. The dealership informs you that you are eligible for two different financing options Loan A: finance for 36 months at 0.9% or Loan B: finance for 60 months at 1.9%. In both cases you have a trade in worth $1300 and intend to make a down payment of $500. 9. Find the principal amount (the amount that will be financed)? 10. Suppose you choose Loan A. a. Find the monthly payment for the Honda Fit if you finance it through Loan A. Monthly Payment: S b. Determine the total amount you end up paying for this car by financing it through Loan A. c. Determine the total amount of interest you will end up paying by financing the car through Loan A.4 / 5 80% Suppose you choose Loan B a. Find the monthly payment for the Honda Fit if you finance it through Loan B Monthly Payment: S_ b. Determine the total amount you end up paying for this car by financing it through Loan B. c. Determine the total amount of interest you will end up paying by financing the car through Loan B. d. How much interest is saved by financing the Honda Fit using Loan A rather than Loan B