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Jill bought a $510 rocking chair. The terms of her revolving charge are 1% on the unpaid balance from the previous month. If she pays

Jill bought a $510 rocking chair. The terms of her revolving charge are 1% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months. Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.)

Monthly payment number Outstanding balance due 1% interest payment Amount of monthly payment Reduction in balance due Outstanding balance due
1 $ $ $ $ $
2 $ $ $ $ $
3 $ $ $ $ $

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