8. Why is the cheque number for Raoul's rent cheque so different from the others? 9. The receipt that Raoul received from the ATM on June 7 indicated that his balance was $1058.63. Calculate the difference between this amount and the balance you calculated in part 7b). What can you conclude from this difference? 10. Here is Raoul's latest credit card statement. STATEMENT FROM April 25 to May 25 5/2 Mohammed's Fashions 256.00 5/10 payment, thank you -150.00 5/14 interest 17.62 Previous Balance 1075.90 New Balance Payments -150.00 Minimum Due Overdue Balance 925.90 Due Date Interest Charged 17.62 Annual Interest Rate New Purchases 256.00 Available Credit 800.48 a) Calculate Raoul's New Balance. Place your answer on the credit card statement. b) What was Raoul's June payment on his credit card? (see question 7.) c) How much does Raoul still owe on his credit card?. d) How much interest will he pay on that amount? e) What is Raoul's credit limit? f) Describe Raoul's financial situation based on the information above. g) Advise Raoul as to how he can improve his financial situation. 100.00 June 12 18.9% 8. Why is the cheque number for Raoul's rent cheque so different from the others? 9. The receipt that Raoul received from the ATM on June 7 indicated that his balance was $1058.63. Calculate the difference between this amount and the balance you calculated in part 7b). What can you conclude from this difference? 10. Here is Raoul's latest credit card statement. STATEMENT FROM April 25 to May 25 5/2 Mohammed's Fashions 256.00 5/10 payment, thank you -150.00 5/14 interest 17.62 Previous Balance 1075.90 New Balance Payments -150.00 Minimum Due Overdue Balance 925.90 Due Date Interest Charged 17.62 Annual Interest Rate New Purchases 256.00 Available Credit 800.48 a) Calculate Raoul's New Balance. Place your answer on the credit card statement. b) What was Raoul's June payment on his credit card? (see question 7.) c) How much does Raoul still owe on his credit card?. d) How much interest will he pay on that amount? e) What is Raoul's credit limit? f) Describe Raoul's financial situation based on the information above. g) Advise Raoul as to how he can improve his financial situation. 100.00 June 12 18.9%