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(Pound to the noarest cent) Finance Charges. Bil wamts to purchase a new car for $47,000. Bil has no sovings, so he needs to finance

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(Pound to the noarest cent) Finance Charges. Bil wamts to purchase a new car for $47,000. Bil has no sovings, so he needs to finance the entro purchaso amount. With no down payment, the interest rate on the loan is If Bat uses all of his not cash flows to make the monthy peyments on the cac, how much wilt he add each inonth to his credit card balance it he uses it to finance the remainder of the can what wil the finance charges be on his credit card for the first two months that finance charges apply? (Assume that liall makes no payments en his credit card for the first two months) The amount Bill will add eoch month to his credit card balance if he uses it to finance the rompinder of the car is 1 (Round to the nearest cent)

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