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Bas_tet [7]
3 years ago
14

Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method. Note: interest rate is given as a

monthly rate. Previous balance = $179.32 Payments/credits = $85.00 Unpaid balance = $ Monthly rate = 1.25% Finance charge = $ New purchases = $117.42 New balance = $
Mathematics
2 answers:
Karolina [17]3 years ago
5 0

Answer:

The new balance will be $385.04.

Step-by-step explanation:

Previous balance = $179.32

Payments/credits = $85.00

Unpaid balance = 179.32+85 = $264.32

Monthly rate = 1.25%

Finance charge = 0.0125\times264.32 = $3.30

New purchases = $117.42

New balance = 264.32+3.30+117.42 = $385.04

Aleks [24]3 years ago
5 0

Answer:

your wrong on the second 2

Step-by-step explanation:

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