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5 Challenge Problem 10-22 [LU 10-2 (1)] 16.66 You hawe a $1,900 bulance on your 12% credit card. You have lost your job and been
5 Challenge Problem 10-22 [LU 10-2 (1)] 16.66 You hawe a $1,900 bulance on your 12% credit card. You have lost your job and been unemployed for 6 months. You have been unable to make any payments on your balance. However, you received a tax refund and want to pay off the credit card. a. How much will you owe on the credt card if you have not made a payment for 6 months? (Round your answers to the nearest cent.) intorest Princlipal 1 month 2 months 3 monts 4 monthis 5 monts 6 months b. How much interest will have accrued? (hound your answer to the nearest cem.) interest acorved c What wil be the effective rate of interest
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