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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 % per day. On November , a customer used his credit card to pay for the following business expenses: van repairs ($), equipment maintenance ($), office supplies ($), and dinner with clients ($). 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 ___$.
