Solution-Find the finance charge and new balance

Find the finance charge and new balance

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Reference no: EM131623153

Question: Shakina Brewster has a Target revolving credit account that has an annual percentage rate of 18% on the unpaid balance. Her unpaid balance for the July billing cycle is $1,285.96. During the billing cycle, Shakina purchased groceries for $98.76 and received $50 in cash. She purchased linens for $46.98. Shakina made a payment of $135. Find the finance charge and new balance if Target uses the unpaid balance method.

Reference no: EM131623153

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Find the finance charge and new balance

Reference no: EM131623153

Reference no: EM131623153

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