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Just 16,17,18,&20 Calculating balances. You have a credit card with an APR of 12%. You begin with a balance of 8200, in response to which

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Calculating balances. You have a credit card with an APR of 12%. You begin with a balance of 8200, in response to which you make a payment of $75. The first month you make charges amounting to $50. You make a payment of 875 to reduce the new balance, and the second month you charge 860. Complete the following table: Previous balance New Payments Purchases Finance charge balance Month 1 Month 2 7. balance statement. Assume that you start with a balance of $4500 on your Visa credit card. During he first month, you charge $500, and during the second month, you charge 8300. Assume that Visa has finance charges of 24% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table: Previous balance $4500.00 Minimum New Month payment Purchases Finance charge balance

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