2. francisco's credit card has an apr of 28.98%, calculated on the previous monthly balance. his credit
card record for the last 7 months is shown in the table below.
end of
month
previous
balance
50.00
$188.00
$0.00
$45 66
$276 66
$161.36
$325 27
new
charges
$168 00
$10500
$73 00
$278 00
$21.00
$193 00
$344 00
payment
received
50 00
5297 54
$27 34
548 11
5142 98
$32.99
522 94
finance
charges
$0.00
$454
$0.00
$1 10
$6 69
$3.90
57 86
principal
paid
$0.00
$293.00
$27 34
$4701
$135 29
$29.09
$15 08
new
balance
$168.00
50 00
$45.66
$276 66
$161 36
$325 27
francisco is trying to figure out what this all means. him by answering the following questions.