10.4.21 Shing Shen Chem's credit card company determines his minimum monthly payment by adding all new interest to 1% of the outstanding principal. The credit card company charges an interest rate of 0.043784% per day. On March 19, Shing
uses his credit card to purchase airline tickets for his family for $2600. He makes no other purchases during March. Use the given information
mation and the rule that minimum payments are rounded up to the nearest dollar to answer parts and b
below
a) Assuming Shing had no new interest, determine Shing's minimum payment due on April 1, his billing date
Shing's minimum payment due on April 1 is $