Use the following rates and payments table. Monthly Rate 1 1 2% 1% Unpaid balance Up to $500 Over $500 New balance Under $200 Over $200 Minimum payment $10 5% of new balance Previous Balance New Purchases $34.96 $87.43 Find the following. (Round your answers to the nearest cent.) (a) the finance charge for the month $ (b) the new balance $ (c) the minimum monthly payment $

Use the following rates and payments table. Monthly Rate 1 1 2% 1% Unpaid balance Up to $500 Over $500 New balance Under $200 Over $200 Minimum payment $10 5% of new balance Previous Balance New Purchases $34.96 $87.43 Find the following. (Round your answers to the nearest cent.) (a) the finance charge for the month $ (b) the new balance $ (c) the minimum monthly payment $

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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Question

Use the following rates and payments table.

Monthly Rate

Unpaid balance

Up to $500

Over $500

New balance

Under $200

Over $200

Minimum payment

$10

5% of new balance

Previous Balance		New Purchases
$34.96		$87.43

Find the following. (Round your answers to the nearest cent.)

(a) the finance charge for the month
$

(b) the new balance
$

(c) the minimum monthly payment
$

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