You have $2,675.00 on a credit card with a 15.75% apr. you miss your minimum payment and there is a late fee of $29.00. how much is your balance at the beginning of the second month?
a 2,814.31
b 2,739.11
c 3,125.31
d 2,710.11
b. $2,739.11. You have $2,675.00 on a credit card with a 15.75% APR. You miss your minimum payment and there is a late fee of $29.00. Your balance at the beginning of the second month is $2,739.11.
