Finance charge and the new balance on january

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Aaron had an unpaid balance of $2417.44 on his credit card statement at the beginning of December. He made a payment of $160.00 during the month, and made purchases of $178.91. If the interest rate on Aaron's credit card was 17% per month on the unpaid balance, find his finance charge and the new balance on January 1.

Reference no: EM132318279

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