A credit card company determines a card​ holder's minimum monthly payment by adding all new interest to​ 1.5% of the outstanding principal. The credit card company charges an interest rate of 0.05196​% per day. On November 13​, a customer used his credit card to pay for the following business​ expenses: van repairs ​($598​), equipment maintenance ​($393​), office supplies ​($126​), and dinner with clients ​($126​). Use the given information and the rule that minimum payments are rounded up to the nearest dollar to answer parts a and b below. a. Assuming the card holder had no new​ interest, determine his minimum payment due on December​ 1, his billing date.
The card​ holder's minimum payment due on December 1 is ​$_ nothing.
b. On December​ 1, instead of making his minimum​ payment, the card holder makes a payment of ​$300. Assuming there are no additional charges or cash​ advances, determine the card​ holder's minimum payment on January 1.
The card​ holder's minimum payment due on January 1 is ​$_ nothing.