1 Nancy makes a purchase of $711.37 c her bill by making payments of $25 pe 1.66% of the unpaid balance. Cmplete the table to determine her b Months Unpaid Interest Pa balance (1.66%) $711.37 $11.80 $25 $698.17 $11.58 $25 $25 $684.74 $11.36 $25 1234

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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1
Nancy makes a purchase of $711.37 on her credit card. She plans to pay off
her bill by making payments of $25 per month. Monthly interest charges are
1.66% of the unpaid balance.
Cmplete the table to determine her balance after 4 months.
Months Unpaid Interest
Payment New balance
balance (1.66%)
1
$711.37 $11.80
$25
$698.17
$698.17 $11.58 $25
$684.74
$684.74 $11.36 $25
$25
2
3/4
Transcribed Image Text:1 Nancy makes a purchase of $711.37 on her credit card. She plans to pay off her bill by making payments of $25 per month. Monthly interest charges are 1.66% of the unpaid balance. Cmplete the table to determine her balance after 4 months. Months Unpaid Interest Payment New balance balance (1.66%) 1 $711.37 $11.80 $25 $698.17 $698.17 $11.58 $25 $684.74 $684.74 $11.36 $25 $25 2 3/4
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