4. The total current amount due to a purchase made by using credit card is P54,245.50, Based on the agreement the minimum required payment is 8.5% of the total amount due, If the client pays only the...

Extracted text: 4. The total current amount due to a purchase made by using credit card is P54,245.50, Based on the agreement the minimum required payment is 8.5% of the total amount due, If the client pays only the minimum requlred payment, a charge 2.5% of the remaining balance will be carried on to the next bill. If there are no purchases made for the next two manths and a charge of 2.5% is added every billing period, what is the required monthly bill for the next months? TIME/MONTH TOTAL AMOUNT DUE FOR MINIMUM REQUIRED THE MONTH PAYMENT FOR THE MONTH