Business, 10.11.2020 23:10 korban23

Question 5 of 10 Guadalupe's credit card has an APR of 23%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. Her credit card record for the last 7 months is shown in the table below. End of month 2 Previous balance $0.00 $900.00 $899.25 $898.50 $897.75 $897.00 $896 26 Naw charges $900.00 $0.00 S0.00 50.00 S0.00 $0.00 $0.00 Payment received $0.00 $18.00 $17.99 $17.97 $17.96 $17.94 $17.93 Financa charges $0.00 $17.25 $17.24 $17.22 $17.21 $17.19 $17.18 Principal paid $0.00 $0.75 $0.75 $0.75 $0.75 $0.75 $0.75 Now balance $900.00 $899.25 $898.50 $897.75 $897.00 $896 26 $895.51 How is the principal paid calculated? O A. Payment received ? finance charge O B. Interest. previous balance C. Previous balance + new charges + principal paid D. Payment received + finance charge

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Question 5 of 10 Guadalupe's credit card has an APR of 23%, calculated on the previous monthly balan...

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