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8. The following table shows the expenses and payments for 8 months on a credit card account with an initial balance of $300. Assume that
8. The following table shows the expenses and payments for 8 months on a credit card account with an initial balance of $300. Assume that the interest rate is 1.5% per month (18\% APR) and that interest for a given month is charged on the balance from the previous month. Complete the table. After 8 months, what is the balance on the credit card? Comment on the effect of the interest and the initial balance, in light of the fact that for 7 of the 8 months expenses never exceeded payments
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