Solution-Finance charge using the previous balance method

Finance charge using the previous balance method

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Reference no: EM131206344

The account balance on April 1st is $50.51. On April 15th a payment of $15.00 is made. On April 25th a purchase of $19.27 is made. The annual rate is 18%. What is the finance charge using the previous balance method? What is the new balance?

Reference no: EM131206344

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Finance charge using the previous balance method : The account balance on April 1st is $50.51. On April 15th a payment of $15.00 is made. On April 25th a purchase of $19.27 is made. The annual rate is 18%. What is the finance charge using the previous balance method? What is the new balance?

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Finance charge using the previous balance method

Reference no: EM131206344

Reference no: EM131206344

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