Question
Raquel has a $550 balance on her credit card moving into her January. Please calculate her adjustments according to her choices in the following situation.
Raquel has a $550 balance on her credit card moving into her January. Please calculate her adjustments according to her choices in the following situation.
A. According to her "SHE IS BROKE" and can only make the minimum payment which is calculated at 3 percent. What is her minimum payment?
B. What is her adjusted balance?
C. She decides to spend another $125 on clothing for a party. What is her new forward balance?
D. Unfortunately, when it's time to pay Raquel is broke again and incures her APR penalty of 18 percent. What is her forward balance?
E. She finally comes into some money and pays $150. New adjusted balance is?
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