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Date: Block Name Credit Card Math Fill out the following credit card statements using the indicated interest rates and minimum payment Careful exact months are
Date: Block Name Credit Card Math Fill out the following credit card statements using the indicated interest rates and minimum payment Careful exact months are listed so your "n" value changes to be the number of days in that month 1. Interest Rate: 21.9% per year Minimum Payment: $10 per month Formula: Interest (A-P) Minimum Payment Date Number of days New Balance (A) Previous Balance (P) $200 Apr May June July Aug Sept a) How much interest was paid from April to September? b) If another minimum payment was made, what would the new balance be for October? Show your calculations here. 2. Interest Rate: 22.0% per year Minimum Payment: $250 per month Formula: Date Number of days Interest (AP New Balance (A) Minimum Payment Previous Balance (P) $1000 Jan Feb Mar Apr May June a) How much interest was paid from January to June
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