Asked by Ralph

I need help calculating the finance charge and new balance using the previous balance method.
Previous balance = $179.32
Annual rate = 16%
Finance charge = $ ?
New purchases = $117.42
Payments/credits = $85.00
New balance = $ ?

I also need help calculating the unpaid balance, finance charge, and the new balance using the unpaid balance method.
Note: interest rate given as a monthly rate.
Previous balance = $179.32
Payments/credits = $85.00
Unpaid balance = $ ?
Monthly rate = 1.25%
Finance charge = $ ?
New purchases = $117.42
New balance = $ ?

Thank You. Once these frusterating questions are finished this completes my assinment.
Answered by nixk
I need help calculating the finance charge and new balance using the previous balance method.
Previous balance = $179.32
Annual rate = 16%
Finance charge = $ ?
New purchases = $117.42
Payments/credits = $85.00
New balance = $ ?
Answered by Anonymous
nah
Answered by Anonymous
I also need help calculating the unpaid balance, finance charge, and the new balance using the unpaid balance method.
Note: interest rate given as a monthly rate.
Previous balance = $179.32
Payments/credits = $85.00
Unpaid balance = $ ?
Monthly rate = 1.25%
Finance charge = $ ?
New purchases = $117.42
New balance = $ ?
Answered by Anonymous
ppooooop
Answered by MORTY
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Answered by irvin
Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method.
Note: interest rate is given as a monthly rate.
Previous balance = $179.32
Payments/credits = $85.00
Unpaid balance = $
Monthly rate = 1.25%
Finance charge = $
New purchases = $117.42
New balance = $
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