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looking to find answers to the boxes here, preferably with steps so I can understand why it works how it does. It specifically wants the

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looking to find answers to the boxes here, preferably with steps so I can understand why it works how it does. It specifically wants the U.S. Rule used here.

Jill bought a $550 rocking chair. The terms of her revolving charge are 2% 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 2.0% interest payment Amount of monthly payment Reduction in balance due Outstanding balance due 1 $ 550.00 2 3

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