Chapter 6 Financial Planning Exercise 11 Calculating credit card finance charge Parker Young recently received his moothly Mastercard bil for the period June 1-30, 2017 and wants to verify the monthly finance charge calculation, which is assessed at a rate of 23% per year and based on ADBS, including new purchases. His outstanding balance purchases, and payments are as follows: Previous balances $379 Purchases: Payments June 4 5182 June 21 $23 June 12 40 June 20 112 June 26 40 What is tis Ade for the period? (Use a table like the one in Exhibit for your calculations.) Do not round intermediate calculations. Mound the arwer to 2 decimal places 608.00 X $ b. What is the finance charge for the period? (Use a table like the one in Exhibit 6.8 for your calculations.) Do not round intermediate calculations. Roond the mower to 2 decimal places