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5A. A credit card has a monthly rate of 1.61%. In the November 1 - November 30 itemized billing, the unpaid balance on November 1

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5A. A credit card has a monthly rate of 1.61%. In the November 1 - November 30 itemized billing, the unpaid balance on November 1 was $6000. A payment of $2500 was received on period. The payment due date is December 9. i. Find the interest due on the payment due date using the average daily balance method. ii. Find the total balance owed on the last day of the billing period. iii. Minimum payment terms are shown below. What is the minimum payment due by December 9? November 13. There are no purchases or cash advances in this billing Minimum Payment to $10.00 No payment due New Balance $0.01 $10.01 to $200.00 $10.00 $200.01 to $250.00 $15.00 $250.01 to $300.00 $20.00 $300.01 to $350.00 $25.00 $350.01 to $400.00 $30.00 $400.01 to S450.00 $35.00 $450.01 to $500.00 $40.00 1/10 of New Balance Over $500.00

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