Table+Two+-+Cost+of+Credit+Card+Purchase+with+3,000+dollar+balance+(Group+3)

Table Two : Cost of Credit Card Purchase with $3,000 balance =Calculating the Cost of Credit Card Purchases= [] ** Directions: ** 1) The interest of each month = balance * 1.5 %  2) The balance of next month = balance - payment + cost + monthly interest and fee
 * Interest rate: 18% (APR), 1.5% monthly Annual fee $49 **
 * = ** Month ** ||= ** Balance ** ||= ** Payments ** ||= ** Purchases ** ||= ** Interest & Fee ** ||= ** Interest & Fee (Cumulative) ** ||
 * = 1 ||= $3,000 ||= $200 ||= $115 ||= $49 + $45 ||= $94 ||
 * = 2 ||= $3,009 ||= $200 ||= $115 ||= $45.14 ||= $139.14 ||
 * = 3 ||= $2,969.14 ||= $200 ||= $115 ||= $44.54 ||= $183.68 ||
 * = 4 ||= $2,928.68 ||= $200 ||= $115 ||= $43.93 ||= $227.61 ||
 * = 5 ||= $2,887.61 ||= $200 ||= $115 ||= $43.31 ||= $270.92 ||
 * = 6 ||= $2,845.92 ||= $200 ||= $115 ||= $42.69 ||= $313.61 ||
 * = 7 ||= $2,803.61 ||= $200 ||= $115 ||= $42.05 ||= $355.66 ||
 * = 8 ||= $2,760.66 ||= $200 ||= $115 ||= $41.41 ||= $397.07 ||
 * = 9 ||= $2,717.07 ||= $200 ||= $115 ||= $40.76 ||= $437.83 ||
 * = 10 ||= $2,672.83 ||= $200 ||= $115 ||= $40.09 ||= $477.92 ||
 * = 11 ||= $2,627.92 ||= $200 ||= $115 ||= $39.42 ||= $517.34 ||
 * = 12 ||= $2,582.34 ||= $200 ||= $115 ||= $38.74 ||= $556.08 ||