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Use the table below or the monthly payment formula to calculate each monthly payment for the given principal, APR, and time. Table of Monthly



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Use the table below or the monthly payment formula to calculate each monthly payment for the given principal, APR, and time. Table of Monthly Payments per $1,000 of Principal Rate 1 yr 2 yr 3 yr 6.50% 6.75% 86.30 44.55 30.65 4 yr 23.71 5 yr 10 yr Rate 1 yr 2 yr 3 y 4 y 10 yr 19.57 11.35 10.00% 87.92 46.14 32.27 25.36 21.25 13.22 86.64 7.25% 44.89 7.50% 86.76 45.00 7.75% 86.87 45.11 8.00% 86.99 45.23 8.25% 87.10 45.34 8.50% 87 22 45.46 31.57 19.68 23.83 86.41 44.66 19.80 23.95 7.00% 86.53 44.77 30.88 24.06 30.99 24.18 31.11 24,30 31.22 30.76 11.48 10.25% 88.03 46.26 32.38 25.48 21.37 13.35 11.61 10.50% 88.15 46.38 32.50 25.60 21.49 13.49 24.41 31.34 31.45 19.92 11.74 20.04 11.87 12.00 20.16 12.13 20.28 10.75% 88.27 46.49 32.62 25.72 21.62 13.63 11.00% 88.38 46.61 32.74 25.85 21.74 13.78 11.25% 88.50 46.72 32.86 25.97 21.87 13.92 11.50% 88.62 46.84 32.98 26.09 21.99 14.06 20.40 24.53 12.27 11.75% 88.73 46.96 33.10 26.21 22.12 14.20 24.65 20.52 12.40 12.00% 88.85 47.07 33.21 26.33 22.24 14.35 8.75% 87.34 45.57 24.77 31.68 20.64 12.53 12.25% 88.97 47.19 33.33 26.46 22.37 14.49 9.00% 87.45 45.68 31.80 24.89 20.76 12.67 12.50% 89.08 47.31 33.45 26.58 22.50 14.64 9.25% 87.57 31.92 45.80 25.00 20.88 12.80 12.75% 89.20 47.42 33.57 26.70 22.63 14.78 9.50% 9.75% 87.80 87.68 45.91 32.03 46.03 32.15 25.12 21.00 12.94 13.00% 89.32 47.54 33.69 26.83 22.75 14.93 25.24 21.12 13.08 13.25% 89.43 47.66 33.81 22.88 26.95 15.08 7. $8,000; 9.25%; 5 years 8. $10,000; 13%; 10 years 9. $9,700; 11%; 4 years 10. You had these daily balances on your credit card for your last billing period You must pay a finance charge due to not fully paying off the card last month. The APR is 18.2%. 11 days @ $282.55 4 days @ $532.99 7 days @ $825.54 3 days @ $767.31 5 days @ $1,453.37 a.) What is the average daily balance? b.) What is the finance charge?

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