Alana, a newly graduated student, just moved to a new city to start her first job. In order to assist her with moving expenses, she applied for a credit card. According to its terms, for any payment she makes within a month from the date of purchase, she will be charged no interest; however, if she does not pay off the full balance, interest will be charged daily on the remaining balance effective from the date of purchase. Every month she must make a minimum payment.

On May 01, Alana spent $1850 of her $2000 credit card limit buying furniture for her new apartment. She did not make any.

other purchases in the month of May.

I need help on question d e. a b c is already answered i will put down the answers

A)

On June 01, Alana made the minimum payment of $35 that was charged on her credit card. After her payment, interest

took effect, and her new balance was $1845.77. What is the nominal interest rate of her credit card compounded daily?

Answer for A is 19.8%

B) On June 01, Alana made the minimum payment of $35 that was charged on her credit card. After her payment, interest

took effect, and her new balance was $1845.77. What is the nominal interest rate of her credit card compounded daily?

Answer for B is 21.89%

C) Alana made no further purchases in the months of June and July, and made the minimum payments of $35 on July

01 and August 01. What will be her credit card balance on August 01, after her minimum payment? (

Hint: Create a

timeline diagram showing the payment dates.

Answer for c is 1837.26

d.) Alana was beginning to grow concerned about her growing debt and wanted to fully pay off her credit card. What?

three equal payments, on September 01, October 01, and November 01, must she make in order to settle her debt?

e.) After settling her debt on November 01, how much did Alana pay in interest towards her credit card since May 01?