What is the finance charge, on the average daily balance, for this card over this 1 month period?

Assume you have a balance of $1000 on a credit card with an APR of 24%, or 2% per month. You start making monthly payments of $200, but at the same time you charge an addicional $90 per month to the credit card. Assume that interest for a given month is based on the balance for the previous month. The following table shows how you can calculate your monthly balance. Complete and extend the table to show the balance at the end of each month until the debt is paid off. How long does it take to pay off the credit card debt? Fill out the table row by row, and continue until the last full payment (Round to the nearest cent as needed) Month Payment 0 1 $2 $200 $200 $200 $200 Continue until the last full payment 3 4 $200 Expenses $90 $90 $90 590 Interest 0.02 $1000-$20.00 $90 Therefore, ain)th partial payment will pay off the loan, which means the loan will paid off in months New Balance $1000 $1000-$200-500-$20.00-$910.00

Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of April are given in the table below. Assume an annual interest rate of​ 18%.   Month: April​ (30 days); previous​ month's balance: ​$470   April 12 Charged ​$63 for a coat April 18 Made payment of ​$60 April 24 Charged ​$125 for DVDs April 29 Charged ​$36 for groceries

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $200 balance, 14%, $50 payment (a) previous balance method$ (b) adjusted balance method$ (c) average daily balance method$