You had a $1,000 balance last month after your payment on your credit card. You charged one

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You had a $1,000 balance last month after your payment on your credit card. You charged one pair of shoes on the 10th for $100. Your card has a minimum finance charge fee of $5 per month and an APR of 12%. What is your total balance due this period if the card’s fees are calculated via the adjusted balance method?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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