Marcus has a balance of $1,900 on his credit card. The credit card has an annual interest rate of 21%,

compounded monthly (1.75% each month). Marcus uses his credit card for various expenses throughout

month and, at the end of each month, makes a $275 payment.

Use this information to complete the table below. Round to the nearest cent as needed.

Month

1

2

3

لیا

4

5

$

$

Prior Balance

$1900

$2195.73

1.75% Interest

on Prior Balance

$

$40.02

Additional

Charges

$368

$500

$144

$248

Monthly

Payment

$275

$275

$275

$275

Ending Balance

$1900

$2195.73