Assume that you have a credit card whose statement on May 1 showed that you owe $1,640.00. You made a payment to the credit card company of $520.00 on the same day using on-line payment. Through the month of May you charged $385.00 on this card. On June 1 you made a payment of $690.00 to the company. Throughout the month of June you charged $720.00 on this card. 3. Draw a timeline showing this cash flow. a) How much do you owe the credit card company on July 1. Assume the company charges 2% per month. b)