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Homework answers / question archive / Fill in the missing information marked with a ? in the credit card statement below (Payments/Credits, Unpaid Balance, Finance Charge, New Charges, New Balance)
Fill in the missing information marked with a ? in the credit card statement below (Payments/Credits, Unpaid Balance, Finance Charge, New Charges, New Balance). During this month, you made a payment of $225. You charged $43.67, $10, & $110.99. You had a credit of $76.61. Your account has an APR of 18.6% and Periodic Interest Rate of 1.55%. You must pay either 10% of the unpaid balance or $100, which ever is higher. What will be your payment for next month? You start off with a beginning balance of $645.33 in your checking account. You wrote 2 checks this month: #517 for 25.67 & #518 for $350. You deposit $50 in cash and deposit a check for $750. Your bank statement is shown below. What is the actual balance of the account? The Furniture Gallery is having a sale. They are offering 0% interest for the first 12 months. This means if you do not pay it off in the first 12 months, you will have to pay back interest on those 12 months. How much will you save interest by paying it off before the 12 months period ends if your purchase is $3257 and the interest after 12 months is 17.9% APR?
