You have maxed out your credit card and owe $4,100. Its interest rate is 21%. Each month, you make the minimum required payment of $39. (Round your answers to the nearest cent.)

(a) During the September 20 through October 19 billing period, you pay the minimum required payment on October 1. Find the average daily balance, the finance charge, and the new balance.

average daily balance	$
finance charge	$
new balance	$

(b) During the October 20 through November 19 billing period, you pay the minimum required payment on November 11. Find the average daily balance, the finance charge, and the new balance.

average daily balance	$
finance charge	$
new balance	$

(c) During the November 20 through December 19 billing period, you pay the minimum required payment on November 30. Find the average daily balance, the finance charge, and the new balance.

average daily balance	$
finance charge	$
new balance	$

(d) Discuss the impact of making the minimum required payment, both on yourself and on the credit card issuer.