Greg used his credit card to buy exercise equipment. the cost was $826.38.if greg pays $50 a month for 20 months, the total interest will be $139.33.greg decided instead to pay only the minimum amount each month. that will take him 124 months and the total interest will be $1,038.08.how much would greg have saved if he had paid $50 a month instead of the minimum amount?

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

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The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.