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You have a S1100 balance on your 15% credit card. You have lost your job and been unemployed for 6 months. You have been unable

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You have a S1100 balance on your 15% credit card. You have lost your job and been unemployed for 6 months. You have been unable to make any payments on your balance. However, you received a tax refund and want to pay off the credit card. a. How much will you owe on the credit card if you have not made a payment for 6 months? (Round your answers to the nearest cent.) Interest Principal 1 month 2 months 3 months 4 months 5 months 6 months b. How much interest will have accrued (Round your answer to the nearest cent) Interested c. What will be the effective rate of interest after the 6 months? (Round your answer to the nearest hundredth percent.) Efective rate of interest

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