3. You have a credit card with an APR of 19%. The card requires a minimum monthly payment of 7% of the The previous statement for your credit card had a balance of $1300. You make purchases of $175 and make a balance. You have a balance of $13,800. You stop charging and make only minimum monthly payments. payment of $200. The credit card has an APR of 18%. Fill in all cells of the chart. Show the requested calculations What will the balance be after 6 years? below the chart. (Round your answers to the nearest cent.) 0.1 x 5 = 0.5 pt) (a) Previous Balance Finance Charge Purchases Payment New Balance What is the balance after six years? (Write out the values you enter into the online calculator) (1.5 pt) (b) Finance Charge Calculations: (0.5 pt) (c)New Balance Calculations: 0.5 pt) 4. You have a credit card with an APR of 22%. The card requires a minimum monthly payment of 14% of the balance. You have a balance of $7,400. You stop charging and make only minimum monthly payments. (a) Find a formula for the balance, B, after t monthly payments. Simplify the decay factor to 4 decimal places. (1.5 pt) 1. The previous statement for your credit card had a balance of $3050. You have a credit card with an APR of 24%. The minimum payment is 12% of the balance. You decide to stop charging and make only the minimum payment. Fill in the chart. Show calculations below the chart. Round to the nearest cent. (0.1 x 10 = 1 pt) Previous Balance Finance Charge Purchases Payment New Balance Month 1 (a Month (b)According to the formula you just created, what percentage of the credit card's balance is paid off each 2 (b month? Give your answer as a percentage rounded to two decimal places. Write your result in a complete sentence. (1.5 pt) (c)Finance Charge for Month 1 Calculations: (0.5 pt) (f) Finance Charge for Month 2 Calculations: (0.5 pt) d)Minimum Payment for Month 1 Calculations: (0.5 pt) (g)Minimum Payment for Month 2 Calculations: (0.5 pt) (e)New Balance for Month 1 Calculations: (0.5 pt) |(h)New Balance for Month 2 Calculations: (0.5 pt)