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
card record for the last 7 months is shown in the
table below
endo
new payment finance principal new
charges received charges
paid
balance
$900.00 s000 $0.00 50.00 5900.00
$0.00
s18 00
$17.25 s0.75 $899 25
50.00 $17.99 $17.24 50 75 $898 50
33.50 $0.00 $17.97 $17.22 50.75 5897 75
$897 75 50.00 $17 96 $17.21 $0.75 5897 00
5897 00 $0.00 $17.94 $17 19 $0.75 $896.26
5896 26
s0.00
$17.93 $17 18 so 75 5895 51
about what percentage of guadalupe's payments so far have gone to paying
interest?