Question
A1)On August 10, a credit card account had a balance of $355. A purchase of $62 was made on August 15, and $159 was charged
A1)On August 10, a credit card account had a balance of $355. A purchase of $62 was made on August 15, and $159 was charged on August 27. A payment of $79 was made on August 15. The interest on the average daily balance is 1.25% per month. Find the average daily balance on the September 10 bill. (Round your answer to two decimal places.)
A2)(The average daily balance on the September 10 bill was $412.55. Find the finance charge on the September 10 bill. (Round your answer to the nearest cent.)
B!)Your new total loan amount is $37448.00. What are your monthly loan payments for this loan? (Round your answer to the nearest cent.)
C)You receive a 10-year subsidized student loan of $18,000 at an annual interest rate of 6.7%. What are your monthly loan payments for this loan when you graduate? (Round your answer to the nearest cent.)
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