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You have a credit card with an APR of 23.4%. You begin with a balance of $1500 and in response make a payment of $200.

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You have a credit card with an APR of 23.4%. You begin with a balance of $1500 and in response make a payment of $200. The first month you make charges amounting to $400 on a name brand purse. Then you make a payment of $300 to reduce the new balance, and the second month you charge $600 to pay some bills. Complete the following table to find the new balance for month 2. Previous Payments purchases Finance New balance balance charge Month 1 Month 2 Select one: O a. $1772.80 O b. $2072.80 c. $2772.85 O d. $2000.00

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