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On February 4, the billing date, Carol Ann had a balance due of $128.18 on her credit Feb. 6 Charge: Art supplies $26.94 card. Her

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On February 4, the billing date, Carol Ann had a balance due of $128.18 on her credit Feb. 6 Charge: Art supplies $26.94 card. Her bank charges an interest rate of 1.25% per month. She made the Feb. 13 Payment $100.00 transactions described in the table during the month. Feb. 22 Charge: Flowers delivered $69.28 Feb. 26 Charge: Music CD $14.72 a) Determine the finance charge on March 4, using the previous balance method. b) Determine the new balance on March 4. . . . a) The finance charge on March 4 is $ (Round to the nearest cent as needed.)

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