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Jill bought a $690 rocking chair. The terms of her revolving charge are 1% on the unpaid balance from the previous month. If she pays
Jill bought a $690 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
Monthly payment number | Outstanding balance due | 1% interest payment | Amount of monthly payment | Reduction in balance due | Outstanding balance due |
1 | $ | $ | $ | $ | $ |
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I couldn't get the $ sign to go to the beginning of each question, (i.e. outstanding balance due, % interest payment, etc, but I think you get the idea. There are 3 monthly payments and they each have 5 parts to be completed.). Thanks.
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