Annual percentage rate

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Candida has a revolving credit account at an annual percentage rate of 24%. Her previous monthly balance is $549.79. Find the new balance using the previous month's balance method if Candida's account showed the following activity: Payment, $143.30; Country Lumber (charge), $230.18; Zahir Antiques (credit), $398.05; Mountain Vineyards (charge), 204.94; Bart's Garage (charge), $214.21.

  • $449.79
  • $557.77
  • $668.77
  • $499.79

Reference no: EM131319764

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