Candida has a revolvine credit account at an annual percentage rate of 24% her previous monthly balance is $549.79 find the new balance using the previous month's balance method of candida's account
showed the followme activity. payment, $143 10. country lumber (charge), $230.18, zahir antiques (credit) $398 os: mountain vineyards (charge), 20494, bart's garage (charge).

$668.77

Step-by-step explanation:

Periodic Rate = APR / 12

Periodic Rate = 24% / 12 = 2%

Finance charge = Previous balance × Periodic rate

Finance charge = 549.79 × .02 = 10.9958

(Add charges and finance charge, subtract payments and credits)

New Balance = $549.79 + 10.9958 - $143.30 + 230.18 - 398.05 + 204.94 + 214.21 = $668.7658 ~ $668.77

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step-by-step explanation:

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