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14) FIGURE OUT THE NEW STATEMENT BALANCE. You have a credit card that charges 28.99% on any outstanding balances, and 25% on cash advances (Note:
14) FIGURE OUT THE NEW STATEMENT BALANCE. You have a credit card that charges 28.99% on any outstanding balances, and 25% on cash advances (Note: Cash advances have no grace periods), plus a fee of $3 for the cash advance. The closing date on the credit card is the 1st of each month. Last month you left a balance of $2300 on your credit card. This month you took out a cash advance of $200 and made $1600 in new additional purchases. You made a payment of $1550. What will the total of your new balance be on your next credit card statement, taking into account finance charges
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