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You have maxed out your credit card and owe $ 5 , 1 0 0 . Its interest rate is 2 1 % . Each
You have maxed out your credit card and owe $ Its interest rate is Each month, you make the minimum required payment of $Round your answers to the nearest cent.
a During the September through October billing period, you pay the minimum required payment on October Find the average daily balance, the finance charge, and the new balance.
average daily balance $
finance charge $
new balance $
b During the October through November billing period, you pay the minimum required payment on November Find the average daily balance, the finance charge, and the new balance.
average daily balance $
finance charge $
new balance $
c During the November through December billing period, you pay the minimum required payment on November Find the average daily balance, the finance charge, and the new balance.
average daily balance $
finance charge $
new balance $
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