Case Studies 12-1 Know What You Owe Nay Talhas endly opened a revolving charge account with Masterar Her credit limit is so she has changed that much since opening on. Nancy hasny has the time to review her michly statements promes as she should but her the n ine weekend she plans to catch up on her work. She has been putting it off the cause she can't tell how much interest she paid of the unpaid balance in November. She spilled watercolor paint on that portion of the statement In reviewing November's statement she notices that her beginning hal- ance was $600 and that she made $200 payment on November 10. She also charged purchases of SD on November 5, $100 on November 15, and $50 on November 30. She paid $5.27 in interest the month before. She does remember, though, seeing the letters APR and the number 16%. Also, the back of her statement indicates that interest was shared using the average daily balance method, including current purchases, which considers the day of a charge or credit 1. Find the unpaid balance on November 30 before the interest is charged. 2. Assuming a 30-day period in November, find the average daily balance. 2. Calculate the interest for November 4. What was the unpaid balance for November after interest is charged? Na c count instead used the unpaid balance method, calculate the finance charge and new balance for the mouth ance for the month of November Saleh. N ice Hall. 162 2 Massage Therapy time to the