1. You have a credit card balance of $10. You have made no charges this past month. Your card has a minimum finance charge fee of $5 per month and an APR of 12%. What is your total balance due this...

1. You have a credit card balance of $10. You have made no charges this past month. Your card has a minimum finance charge fee of $5 per month and an APR of 12%. What is your total balance due this period if the card’s fees are calculated via the average daily balance method?

2. You paid off your general purpose credit card two months ago and have not used it since. Your balance remains at zero. Your card has a minimum finance charge fee of $5 per month and an APR of 12%. What do you owe?