Mathematics, 05.05.2020 10:18 isiss18
You purchased a smartphone using your Visa® credit card. Your Visa has a monthly finance charge of 2.5% beginning the first of the next month. The smartphone cost $499.95 and the sales tax is $37.50 for a total cost of $537.45. You plan to pay $100.00 per month on your Visa bill. The first month’s statement will show a balance including the $537.45, but no interest charge on that amount. What will the second month show as the beginning balance?
$542.45
$548.20
$550.89
$549.27
Answers: 1
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