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WRQ 5 Name: Use the balances in a 30 day billing cycle below to answer the questions. Assume the interest from previous billing cycle is

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WRQ 5 Name: Use the balances in a 30 day billing cycle below to answer the questions. Assume the interest from previous billing cycle is include in starting account balance. Choose a starting account balance between $1.001 and 51.999: Day in Billing Cycle Transaction Purchase: $150 Payment: $500 Purchase: 5182 16 a) First, find the unpaid balance for the month. Then find the finance charge for the month if the monthly interest rate is 1.8% and interest is calculated according to the unpaid balance method. b) Assume no payment is applied to the account on day 16. Find the finance charge for the month if the monthly interest rate is 1.8% and interest is calculated according to the unpaid balance method. Also find the total charge if a $35 late fee is included. Lastly, find the day 1 balance for the next billing cycle

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