Question
Assume that you start with a balance of $630 on your credit card. During the first month, you charge $180 and make a payment of
Assume that you start with a balance of $630 on your credit card. During the first month, you charge $180 and make a payment of $420. During the second month, you charge $120 and make a payment of $300. Assume that your credit card charges a 24% APR. Complete the following table. (Round your answers to the nearest cent.)
Month 1 Previous balance Finance Charge Purchase Payments New Balance
______________ __________ ________ _______ ____________
Month 2 Previous balance Finance Charge Purchase Payments New Balance
______________ __________ ________ _______ ____________
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