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7. Maria needs to find a car and is deciding between buying a new car or leasing a car. (!pp) a) Give a reason that

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7. Maria needs to find a car and is deciding between buying a new car or leasing a car. (!pp) a) Give a reason that she should lease a car instead of loaning money for a new car. b) Give a reason that she should get a loan for a new car instead of leasing a car. 8. At the beginning of June, you started with a balance of $2975 on your credit card. On April 2, you charged a laptop for $675. On April 8, you charged an Amazon gift card for $200. On April 22, you returned a $150 iPad you had previously purchased. On April 24, you charged $50 for a dinner at Latitude 42. Your credit card company charges 19.8% interest. a) Complete the chart below (a few boxes have been filled in for you), then answer the questions that follow. (Spa) Date Payments () or Balance Each Number of Days Until Unpaid Balance Purchases (#) Day Balance Changes Times Number of Days April X $2975 12975 April 2-7 April 8-21 April 22-23 April 24-30 Total: bj Find the average daily balance. Show your work. (2p0) c) Find the finance charge for the month. Show your work. (2pus)

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