Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of June are given to the right. Assume an annual interest rate of 18%.

Month: June (30 days); previous month's balance:

$480

June 9	Made payment of $107
June 15	Charged $20 for gasoline
June 20	Charged $180 for skis
June 22	Made payment of $110

The finance charge is

(Round to the nearest cent as needed.)

Sarafina is making monthly payments into an annuity. She wants to have

$200

in the fund to buy a new convection range in

nine

months, and the account pays

9.6%

annual interest. What are her monthly payments to the account?

To have

$200

in the fund in

nine

months, her monthly payments must be