Question

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.

Answer 1

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 = $ ?

Answer 2

nah

Answer 3

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 = $ ?

Answer 4

ppooooop

Answer 5

WUBBA LUBBA DUB DUB

Answer 6

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 = $