On the April 2 billing date, Michaelle Chappell had a

Last updated: 7/13/2022

On the April 2 billing date, Michaelle Chappell had a balance due of $1423.58 on her credit card. From April 2 through May 1, Michaelle charged an additional $482.18 and made a payment of $600. a) Find the finance charge on May 2, using the previous balance method. Assume that the interest rate is 1.4% per month. b) Find the new balance on May 2. a) The finance charge on May 2 is $ (Round to the nearest cent as needed.)