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please answer both questions. 7. (-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Asume that you have a balance of 13500 on your

please answer both questions. image text in transcribed
7. (-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Asume that you have a balance of 13500 on your cover credit card and that you take no more tharpen. Attumu that Discover thorpu 214. non and that each month you make only the minimum payment of 2% of the balance What will the balance be after a month Cound your answer to the nearest cent) utan MY NOTES DETAILS ASK YOUR TEACHER PRACTICE ANOTHER 8.-/1 Points! Assume that you have a balance of 56000 on your cover credit card and that you make no more charges. Assume that cover charges 09 APR and that each month you make only the minimum payment of 2% of the balance What will the balance be after 10 years? (Round your answer to the nearest cent.)

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