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This has me confused for some reason 9. [-/9 Points] DETAILS CRAUDQL3 4.4.017. MY NOTES Assume that you start with a balance of $4000 on
This has me confused for some reason
9. [-/9 Points] DETAILS CRAUDQL3 4.4.017. MY NOTES Assume that you start with a balance of $4000 on your Visa credit card. During the first month, you charge $500, and during the second month, you charge $250. Assume that Visa has finance charges of 24% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table. (Round your answers to the nearest cent.) Previous Finance New balance Minimum payment Purchases charge balance Month 1 $4000.00 $ $ Month 2 $ $ Step by Step Solution
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