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Jill bought a $500.00 rocking chair. The terms of her revolving charge are 1 and 1/2% on the unpaid balance from the previous month. If she pays $100....
Jill bought a $500.00 rocking chair. The terms of her revolving charge are 1 and 1/2% on the unpaid balance from the previous month. If she pays $100.00 per month, complete a schedule for the first 3 months using table 14.3. Be sure to use the US rule. Monthly payment Number? Outstanding balance due? 1 1/2% interest Payment ? Amount of monthly Payment ? Reduction in balance due? Outstanding balance due? Please include the steps so that I can learn to do this for the test. Thank you