Ask a New Question

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 =

1 answer

Finance charge = .16($179.32) = ?

Add previous balance, fiance charge and new purchases and subtract credits.

Ask a New Question or answer this question.

Similar Questions

I really need help with these three questions. Thank You.1. Calculate the finance charge and new balance using the previous
1. 1 answer
I need help calculating the finance charge and new balance using the previous balance method.Previous balance = $179.32 Annual
1. 6 answers
Which method of calculating finance charge results in the lowest finance charge?a. average daily balance b. previous balance c.
1. 1 answer
Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method.Note: interest rate is given as a
1. 1 answer

more similar questions