01.10, what is her correct new balance 2. Jaime Escobido switched to a new credit card. He paid an annual membership fee of $40. He also paid a balance transfer fee of 3% of his old card's $335.81 balance. During the next year, he paid finance charges of $13.85, $5.92, $2.63, and $1.81. What was the total cost for using his credit card for the year