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Calculate the Missing Information on the Following Revolving Charge Account

Question 41

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Calculate the missing information on the following revolving charge account. Interest is calculated on the unpaid or previous month's balance, rounding to the nearest cent.  Annual  Monthly  Purchases  Payment  Previous  Percentage  Periodic  Finance  and Cash  and  New  Balance  Rate ( APR ) Rate  Charge  Advances  Credits  Balance $914.0012%$54.15$100.00\begin{array} { l l l l l l l } & \text { Annual } & \text { Monthly } & & \text { Purchases } & \text { Payment } & \\\text { Previous } & \text { Percentage } & \text { Periodic } & \text { Finance } & \text { and Cash } & \text { and } & \text { New } \\\text { Balance } & \text { Rate } ( \text { APR } ) & \text { Rate } & \text { Charge } & \text { Advances } & \text { Credits } & \text { Balance } \\\$ 914.00 & 12 \% & & & \$ 54.15 & \$ 100.00 &\end{array}

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