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please answer all 3 questions. 3. [4/9 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You have a credit card with an

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3. [4/9 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You have a credit card with an APR of 16%. You begin with a balance of $900. In the first month you make a payment of $450 and you make charges amounting to $350. In the second month you make a payment of $350 and you make new charges of $700 Complete the following table. (Round your answers to the nearest cent.) Previous Finance New Payments balance Purchases charge balance Month 1 $900 $450 350 $4.67 X $ 804 67 X Month 2 $ 804.67 X $350 $700 $15.39 $ 1170.66 X eBook 12. [0/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $3400 on your Discover credit card and that you make no more charges. Assume that Discover charges 30% APR and that each month you make only the minimum payment of 2.5% of the balance. On what balance do you begin making payments of $80 or less? $ 34000(0.98 eBook 6. [O/1 Points) DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Assume that you have a balance of $4500 on your Discover credit card and that you make no more charges. Assume that Discover charges 24% APR and that each month you make only the minimum payment of 3.5% of the balance Find a formula for the balance after t monthly payments. 1,125 (3-1.02% + 7) eBook

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