Tiva has a credit card which charges 25.5% APR (or 2.125% per month). Here is Tiva's statement for the
month of September.
Date
Sep 1
Sep 4
Sep 15
Sep 21
Sep 26
Sep 27
Transaction
Previous Balance
shoes
painting supplies
take-out
books
groceries
Amount
$6,115
$79
$170
$93
$162
$157
What is Tiva's balance at the end of September?
$
What is Tiva's average daily balance for September?
$
What is the finance charge Tiva is charged for September?
$
Tiva's minimum payment is 1% of her previous balance plus interest charges. How much is her minimum
payment for September?
$