You transfer a balance of $1,500 onto the card on the first day of your billing cycle. You make purchases totaling $1,000 during the month and then transfer another $500 balance onto the card just...

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Extracted text: You transfer a balance of $1,500 onto the card on the first day of your billing cycle. You make purchases totaling $1,000 during the month and then transfer another $500 balance onto the card just before your billing date. Given: Balance transfer rate of ($1,500 & $500): 5% , Transfer fee ($1500 & 500): 3%, Spending: $1,000 1. What Is the balance you will owe on the card when you recelve your statement? statement balance $ 2. What is the amount of the balance transfer fees you accumulated? accumulated fees $