Math 123 question 16

e File Preview Page 4 of 5 ZOOM + 16. Calculate the next 3 months billing cycle using the Information below. APR Is 15.99% with a starting balance of $225. Assume you only make the minimum payment each month which is 5%. Month Carry Over Balance Finance Charge New Balance Minimum Payment 17. Consider purchasing a car that has a price of $18,700. You make payments for 6 years at an APR of 2.2%. A. If you paid a 10% down payment, what would you need to take out for their loan? B. Using Excel, the monthly payments are $249. 73. How much will be paid over the entire loan