(33 points) Lakeside Furniture Store offers the credit terms shown below to its retail customers. In problems 3-5 compute the finance charge, if any, and the new balance. Assume that all payments are made within the current billing cycle. (3 points for each correct answer) TERMS. There will be no finance charge if the full amount of the new balance is received within 25 days after the cycle- closing date. The finance charge, if any, is based upon the entire previous balance before any payments or credits are deducted. The rates are 1.5% per month on amounts up to $1,000 and 1.25% on amounts in excess of $1,000. These are annual percentage rates of 18% and 15%, respectively, Cycle Closing Previous Balance Payment Amount Credits Finance Charge Purchases New Balance 4. 6/20/20-- $1,472.50 $750.00 $284.43 S365.70 Find Finance Charge 9 New Balance