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You have a credit card with an APR of 12%. You begin with a balance of $200, in response to which you make a payment
You have a credit card with an APR of 12%. You begin with a balance of $200, in response to which you make a payment of $100. The first month you make charges amounting to $50. You make a payment of $100 to reduce the new balance, and the second month you charge $60. Complete the following table. (Round your answers to the nearest cent.) Previous Finance New balance Payments Purchases charge balance Month $200.00 $ 100 $ 50 $ 2.5 $ 152.5 1 x x Month $ 152.5 $ 60 $ 1.88 $ 114.38 2 X x x $ 100 eRank
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