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9. [7/9 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you start with a balance of $4000 on your MasterCard.

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9. [7/9 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you start with a balance of $4000 on your MasterCard. Assume that MasterCard has finance charges of 12% APR and that each month you make only the minimum payment of 3% of the balance. During the first month, you charge $300, and during the second month, you charge $500. Complete the following table. (Round your answers to the nearest cent.) Previous balance $4000.00 Minimum payment Purchases Finance charge New balance Month 1 $120 $300 $41.8 $ 4221.8 Month 2 4221.8 $126.7 X $ 500 46 $ 4641.1 X eBook

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