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You have a credit card with an APR of 24%. You begin with a balance of $800. In the first month you make a payment
You have a credit card with an APR of 24%. You begin with a balance of $800. In the first month you make a payment of $400 and you make charges amounting to $350. In the second month you make a payment of $400 and you make new charges of $650. Complete the following table. (Round your answers to the nearest cent.)
Previous balance | Payments | Purchases | Finance charge | New balance | |
---|---|---|---|---|---|
Month 1 | $800 | $ | $ | $ | $ |
Month 2 | $ | $ | $ | $ | $ |
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