Asked by john
Calculate 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 =
Previous balance = $179.32
Annual rate = 16%
Finance charge =
New purchases = $117.42
Payments/credits = $85.00
New balance =
Answers
Answered by
PsyDAG
Finance charge = .16($179.32) = ?
Add previous balance, fiance charge and new purchases and subtract credits.
Add previous balance, fiance charge and new purchases and subtract credits.
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