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Answer the following questions for each customer. Pablo's credit card statement showed these transactions during March, with interest rate 2.2%: March 1 March 31
Answer the following questions for each customer. Pablo's credit card statement showed these transactions during March, with interest rate 2.2%: March 1 March 31 Previous Balance $2163.05 Payment $891.31 March 10 Purchases $306.29 March 21 Payment $189.89 March 29 Purchases $297.13 Using the average daily balance method, Pablo's new balance on April 1 would be $1721.56 Mike's credit card statement showed these transactions during the month of June with interest rate 1.6 %: June 1 Previous Balance June 5 Purchases. June 20 Payment $129.45 $254.17 $83.91 Using the average daily balance method, Mike's new balance on July 1 would be $305.19. Tamera's credit card statement showed these transactions for the month of September with interest rate 1.7% : September September 13 Purchases Previous Balance $63.67 $237.18 September 17 Payment $112.78 $328.46 September 19 Purchases Using the average daily balance method, Tamera's new balance on October I would be $523.33. Part: 0/2 Part 1 of 2 (a) For the credit cards, find the new balance on the first of the month following the given purchases if the credit card company uses the unpaid balance method, rather than the average daily balance method. Assume that the monthly interest rate remains the same. Round the answers to the nearest cent. For Pablo, the new balance due on April 1 is $
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