ASAP!!!! Calculate the finance charge and new balance using the previous balance method.
       
      
                
     
    
    
    
    
    1 answer:
            
              
              
                
                
Answer:
Previous balance = $199.19
Annual rate =14%
finance charge=14%of $198.19=$27.7466
New balance =$199.19+$27.7466-$97.50-$75.75=$53.6866
 
                                
             
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