Mathematics, 11.11.2020 02:40 bella51032
You finance a $500 car repair completely on credit and you will just pay the minimum payment each month for the next three months. The APR is 18.99% and the minimum payment each month is 4% of the balance. Determine the finance charge, carry-over balance, and minimum payment required for each of the next two months, and the starting balance for month 2 in the table below.
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You finance a $500 car repair completely on credit and you will just pay the minimum payment each mo...
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