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Assume that you start with a balance of $3700 on your credit card. During the first month, you charge $400, and during the second month,
Assume that you start with a balance of $3700 on your credit card. During the first month, you charge $400, and during the second month, you charge $650. Assume that your credit card charges a 29% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table. (Round your answers to the nearest cent.) Previous Finance Charge Purchases Payments New Balance (+) (-) Balance Month 1 3700 89.42 400 Enter number. Month 2
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