Business, 22.04.2020 02:53 brendaesme

For the month of July, the unpaid balance on Sue’s credit card statement was $1,131.63 at the beginning of the billing cycle. She made purchases of $512.58. She also made a payment of $750.00 during the month. If the interest rate was 1.75% per month on the unpaid balance, determine the finance charge and the new balance on the first day of the August billing cycle.

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For the month of July, the unpaid balance on Sue’s credit card statement was $1,131.63 at the beginn...

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